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Grouper Yacht Company billed its customers a total of $1,449,000 for the month of November. The total includes a 5% state sales tax. (a) Your
Grouper Yacht Company billed its customers a total of $1,449,000 for the month of November. The total includes a 5% state sales tax. (a) Your answer is incorrect. Determine the proper amount of revenue to report for the month. Total sales revenue $ eTextbook and Media List of Accounts Save for Later Attempts: 2 of 5 used Submit Answer (b) Prepare the general journal entry to record the revenue and related liabilities for the month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit
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