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Merchandise is sold for cash. The selling price of the merchandise is $5,100 and the sale is subject to a 5% state sales tax. The
Merchandise is sold for cash. The selling price of the merchandise is $5,100 and the sale is subject to a 5% state sales tax. The journal entry to record the sale would include a credit to
a.Sales for $5,355
b.Cash for $5,100
c.Sales Tax Payable for $255
d.Cash for $5,355
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