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Merchandise is sold for cash. The selling price of the merchandise is $3000 and the sale is subject to a 7% state sales tax. The
Merchandise is sold for cash. The selling price of the merchandise is $3000 and the sale is subject to a 7% state sales tax. The journal entry to record the sale would include... a. A debit to Cash for $3,000. b. A credit to Sales for $3,210. c. A credit to Sales Tax Payable for $210. d. None of the above
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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
