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A company sells $150,000 (sales price) of goods and collects sales tax of 5%. What current liability does the sale create? A. Unearned revenue of
A company sells $150,000 (sales price) of goods and collects sales tax of 5%. What current liability does the sale create? A. Unearned revenue of $7,500 B. Sales tax payable of $7,500 C. Sales revenue of $157,500 D. None, the company collected cash up front
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