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A company receives $280, of which $20 is for sales tax. The transaction to record the sale will be an increase to Sales Taxes Payable
A company receives $280, of which $20 is for sales tax. The transaction to record the sale will be
an increase to Sales Taxes Payable for $20.
an increase to Cash for $260.
an increase to Sales Taxes Expense for $20.
a decrease to Sales Revenue for $280.
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