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Cash Receipts Transactions Account: Sales Tax Payable 7. Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were
Cash Receipts Transactions
Account: Sales Tax Payable
7. Cash sales for the week were $3,160 plus tax. Bank credit card sales for the week were $1,000 plus tax. Bank credit card fee is 3%. The sales tax is 6%.
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