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Cantrell Company is required by law to collect and send sales taxes to the state. If Cantrell has $ 9 , 5 0 0 of

Cantrell Company is required by law to collect and send sales taxes to the state. If Cantrell has $9,500 of cash sales that are subject to an 9% sales tax, what is the journal entry to record the cash sales?

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To record the cash sales subject to sales tax we need to make two journal entries one ... blur-text-image

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