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need help with 23&24 Which of the following represents the impoct of a taxable cash sale of 5500 on the accounting equation if the sales
need help with 23&24
Which of the following represents the impoct of a taxable cash sale of 5500 on the accounting equation if the sales tar rate is 45 ? Multiple Chaice An increase to cath for 5520 , an incresse to sales tax expente for 520 , end an increste to sdes revenue for 5500 None of these snswer choices is correct An increese to cash for $520, an increase to sales tax ptyoble for $20, and on increase to 19 tet twence for $500 An increase to cash for 5500 an incresse to saies tax payable for 520 and an incetie to seles terefue for 5450 The following information relates to Marshall Manufacturing's current accounting period Based on this information, what is the company's net income? (Do not round intermediate calculations.) Multiple Choice $26.310 Step by Step Solution
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