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Garner's Antique Hot Rods recently sold a 1957 Chevy for $75,000 on account. The state sales tax is 6 percent, and there is a $500-per

Garner's Antique Hot Rods recently sold a 1957 Chevy for $75,000 on account. The state sales tax is 6 percent, and there is a $500-per car federal excise tax. Prepare the journal entry to record the sale.

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