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b. Cash for $6,000 is incorrect Merchandise is sold for cash. The selling price of the merchandise is $6,000, and the sale is subject to
b. Cash for $6,000 is incorrect 
Merchandise is sold for cash. The selling price of the merchandise is $6,000, and the sale is subject to a state sales tax. The Journal entry for the sale would include a credit to & Sales for $6,240 Ob Cash for $6.000 C Sales for SS.NO d. Sales Tax Payable for $420 Step by Step Solution
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Accounting Ethics
Authors: Ronald F. Duska, Brenda Shay Duska, Julie Anne Ragatz
2nd Edition
1405196130, 978-1405196130
