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< Journalize the entries to record the following selected transactions. a. Sold $778,000 of merchandise on account, subject to a sales tax of 5%. The
< Journalize the entries to record the following selected transactions. a. Sold $778,000 of merchandise on account, subject to a sales tax of 5%. The cost of the goods sold was $459,020. If an amount box does not require an entry, leave it blank. b. Paid $41,610 to the state sales tax department for taxes collected. If an amount box does not require an entry, leave it blank. Previous
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