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48. Jaywood Woodworks Company's corporate controller, T.D. White, oversaw a shipment sold of wood furniture costing $34,000 to manufacture. The company sells all furniture at
48. Jaywood Woodworks Company's corporate controller, T.D. White, oversaw a shipment sold of wood furniture costing $34,000 to manufacture. The company sells all furniture at a 70% markup. Applicable sales tax is 7.5%. The customer invoice was contained in the shipment and the sale was on account. Write the journal entry to record this transaction
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