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A retail store credited the sales Revenue account for the sales price and the amount of sales tax on sales, Ir the sales tax rate

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A retail store credited the sales Revenue account for the sales price and the amount of sales tax on sales, Ir the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $294.000, what is the amount of the sales tax owed to the taxing agency? $14,000 $280,000 $14,700 $294.000

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