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Merchandise is sold for cash. The selling price of the merchandise is $6,000, and the sale is subject to a 7% state sales tax. The
Merchandise is sold for cash. The selling price of the merchandise is $6,000, and the sale is subject to a 7% state sales tax. The entry to journalize the sale would include a credit to
a. Sales Tax Payable for $420
b. Cash for $6,000
c. Sales for $6,420
d. Sales for $5,580
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