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Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,400). Dextra collects 8% sales tax. Record the entry for the
Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,400). Dextra collects 8% sales tax. Record the entry for the $4,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
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