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Pharoah Surplus made cash sales during October of $376000. The sales are subject to a 6% sales tax that was also collected. Which of the
Pharoah Surplus made cash sales during October of $376000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Debit Accounts Receivable for $376000. Credit Sales Revenue for $346346. Credit Sales Taxes Payable for $21283. Credit Sales Taxes Payable for $22560 Step by Step Solution
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The Operational Auditing Handbook Auditing Business Processes
Authors: Andrew Chambers, Graham Rand
1st Edition
0471970603, 978-0471970606
