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Allex made a Purchase on credit $321,000. He paid a sales tax of $645,000 and paid gross amount of $406,000 to supplier. The sales without

Allex made a Purchase on credit $321,000. He paid a sales tax of $645,000 and paid gross amount of $406,000 to supplier. The sales without tax stands at $513,000 while he sold the product for $622,100 to the customer.

Requirements:

Apply the Double Entry system and demonstrate the required accounting implications.

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