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Pharoah has collected $980 in sales taxes during March. If sales taxes must be remitted to the state government monthly, recording this information includes a(n)
Pharoah has collected $980 in sales taxes during March. If sales taxes must be remitted to the state government monthly, recording this information includes a(n) Increase to Sales Tax Expense and to Sales Taxes Payable for $980. No recording required. Increase to Sales Tax Expense and a decrease to Cash for $980. Decrease to Sales Taxes Payable and to Cash for $980
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