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Merchandise is sold for cash. The selling price of the merchandise is $2,400 and the sale is subject to a 7% state sales tax. The
Merchandise is sold for cash. The selling price of the merchandise is $2,400 and the sale is subject to a 7% state sales tax. The journal entry to record the sale would include a credit toooo.M
Sales for $2,568
Sales for $2,400
Sales Tax Payable for $168
Cash for $2,400
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