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2. Harry Haberdashery is a retail clothing store for men. The store operates out of a rented building in Albertville, Virginia. Shown below is the
2. Harry Haberdashery is a retail clothing store for men. The store operates out of a rented building in Albertville, Virginia. Shown below is the store's adjusted year-end trial balance dated December 31, 2015. a. Explain how you can tell that the business records inventory purchased net of any purchase discounts. b. The store reports sales taxes payable of $5,000 in its adjusted trial balance. Explain why it does not report any sales taxes expense
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