Question
Merchandise is sold for cash. The selling price of the merchandise is $2,300, and the sale is subject to a 6% state sales tax.
Merchandise is sold for cash. The selling price of the merchandise is $2,300, and the sale is subject to a 6% state sales tax. The journal entry for the sale would include a credit to Sales Tax Payable for $138 Oh Cash for $2,300 Sales for $2,162 Od Sales for $2,4381
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
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