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Ashley's Furniture made cash shales in the amount of $10,000 for furniture. The federal sales tax is 7% and the state sales tax is 5%.
Ashley's Furniture made cash shales in the amount of $10,000 for furniture. The federal sales tax is 7% and the state sales tax is 5%.
1. Prepare the journal entry to record the sale. (Show Work)
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
12th Edition
013277206X, 978-0132772068
