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On March 15, Topi Company sells $14,000 of merchatidise to a customer. The sales tax rate is 9% and the customer pays with cash. What

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On March 15, Topi Company sells $14,000 of merchatidise to a customer. The sales tax rate is 9% and the customer pays with cash. What journal entry should the company make to record this safe? Dr_Cr Cr What effect does this entry have on the accounting equation? Assets = Liabilities + Equity In April, Topi Company must pay the sales tax it has collected to the state taxing agency. The company owes $14.200 from sales taxin the month of March. What journal entry does the company maketo record the April payment to the state taxing agency? Dr_Cr What effect does this entry have on the accounting equation? Assets = Liabilities + Equity

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