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Exercise 3 Saham Company billed its customers a total of OMR 1,575,000 for the month of November. The total includes a 5% state sales
Exercise 3 Saham Company billed its customers a total of OMR 1,575,000 for the month of November. The total includes a 5% state sales tax. Instructions (a) Determine the proper amount of revenue to report for the month. (b) Prepare the general journal entry to record the revenue and related liabilities for the month.
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
