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Manama Trading has $8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to record the cash
Manama Trading has $8,000 of cash sales that are subject to an additional 8% sales tax, what is the journal entry to record the cash sales in the company books? OA Debit Cash $8,640, credit Sales $ 8,000, credit Sales Taxes Payable $ 640. OB Debit Sales Taxes Payable $ 640; debit Cash $7,360, credit Sales $ 8,000. OC. Debit Cash $8,000, credit Sales $ 8,000, and record the taxes when paid. OD. Debit Cash $ 8,000; credit Sales $ 7,360, credit Sales Taxes Payable $ 640
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