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Current Attempt in Progress Aretail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the

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Current Attempt in Progress Aretail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $262500, what is the amount of the sales taxes owed to the taxing agency? O $12500 O $250000 O $262500 O $13125

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