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Calculator Merchandise is sold for cash. The selling price of the merchandise is $3,700 and the sale is subject to a 4% state sales tax.

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Calculator Merchandise is sold for cash. The selling price of the merchandise is $3,700 and the sale is subject to a 4% state sales tax. The journal entry to record the sale would include a credit to a. Cash for $3,700 b. Sales for $3,848 c. Cash for $3,848 Cd. Sales Tax Payable for $148

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