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I need help with this question, please see attached Blossom Corporation made credit sales of $26,400 which are subject to 5% sales tax. The corporation
I need help with this question, please see attached
Blossom Corporation made credit sales of $26,400 which are subject to 5% sales tax. The corporation also made cash sales which totaled $27,195 including the 5% sales tax. Prepare the entry to record Blossom's credit sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Prepare the entry to record Blossom's cash sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit CreditStep by Step Solution
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