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2 A . Sold goods for $ 4 , 0 0 0 on account. In addition, sales tax applies at 8 % . The company
ASold goods for $ on account. In addition, sales tax applies at The company employes a gross profit pricing model to yield Record the JE for the seller.
B Sold goods for $ on account, which includes sales tax. The company employes a gross profit pricing model to yield Record the JE for the seller and the buyer. Assume the seller sold inventory and the buyer purchased goods which will be used as equipment.
C A company sold goods for $ which includes sales tax. The goods are carried in inventory at a cost basis of $ This was a cash sale. Record the JE for the seller.
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