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A company receives $ 1 7 6 , of which $ 1 6 is for sales tax. The journal entry to record the sale would

A company receives $

176,

of which $

16

is for sales tax. The journal entry to record the sale would include a

credit to Sales Taxes Payable for $

16 .

debit to Sales Taxes Expense for $

16 .

debit to Cash for $

160 .

debit to Sales Revenue for $

176 .

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