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Canyon Ridge Outfitters sold a $110 tent to Mario. The sales tax rate is 8.5%, and Mario paid cash. Looking at the transaction from Canyon
Canyon Ridge Outfitters sold a $110 tent to Mario. The sales tax rate is 8.5%, and Mario paid cash. Looking at the transaction from Canyon Ridge Outfitter's point of view, which of the following statements is false? O Sales Tax Expense would be debited for $9.35. O Sales Tax Payable would be credited for $9.35. Sales would be credited for $110. Cash would be debited for $119.35
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