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A company sells merchandise for $36,000 cash on March 31 . The sales tax law requires the company to collect 14.5% sales tax on every
A company sells merchandise for $36,000 cash on March 31 . The sales tax law requires the company to collect 14.5% sales tax on every dollar of merchandise sold. Record the entry for the sale and its applicable sales tax. Journal entry worksheet Record the entry for the sale and its applicable sales tax. Note: Enter debits before credits
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