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Hammer Hardware sold goods to James Brown on credit at a price of $2,750 including GST (assuming GST rate of 10%). What is the correct
Hammer Hardware sold goods to James Brown on credit at a price of $2,750 including GST (assuming GST rate of 10%). What is the correct accounting entry to record this transaction in Hammer Hardware's books? Select the one correct answer: Debit accounts receivable $2,750; Credit: Sales $2,500; Credit: GST collections $250. Debit: Accounts receivable $2,500; Debit: GST collections $250; Credit: Sales $2,750. Debit Accounts receivable $2,500; Credit: Sales $2,500. Debit: Accounts receivable $2,750; Credit: Sales $2,750
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