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ournalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Mar. 1 Sold $63,300
ournalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Mar. 1 Sold $63,300 of merchandise on account, subject to a sales tax of 6%. The cost of the merchandise sold was $37,540. 23 Paid $38,530 to the state sales tax department for taxes collected.
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