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Charlies Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales tax?
Charlies Pizza collected $150 in sales tax for the quarter. Which
of the following accounts should be used in order to post the sales tax? A- Only Sales Taxes Payable. B- Sales tax should not be recorded. C- Both Sales Taxes Payable and Sales Tax Expense. D- Both Sales Taxes Payable and Cash. E- Both Income and Sales Tax Expense.
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