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For questions 4-5, use the following information: Bargain Surplus made cash sales during the month of October of $475,000. The sales are subject to a

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For questions 4-5, use the following information: Bargain Surplus made cash sales during the month of October of $475,000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? 4. How much total cash was collected? 5. Sales Tax Payable would be recorded at how much

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