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Maple Street Bookstore has collected $1,500 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will
Maple Street Bookstore has collected $1,500 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will Maple Street Bookstore make to show the April remittance? A. Sales taxes Payable......1500 cash ....1500 b. Sales tax expense........1500 cash.......1500 c. Sales tax expense......1500 sales taxes payable .......1500 d. No entry required
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