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33) Peterson Company billed its customers a total of $840,000 for the month of November. The total includes a 5% state sales tax. Instructions
33) Peterson Company billed its customers a total of $840,000 for the month of November. The total includes a 5% state sales tax. Instructions (a) month. (b) Determine the proper amount of revenue to report for the Prepare the general journal entry to record the revenue and related liabilities for the month.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
