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A sale on account for $500 of merchandise with a 5% sales tax was debited to accounts receivable for $525 and credited to sales for
A sale on account for $500 of merchandise with a 5% sales tax was debited to accounts receivable for $525 and credited to sales for $525. What would the result of this ?
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
