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please i have only 20 minutes Sales Tax A sale of merchandise on account for $16,800 is subject to a 5% sales tax. (a) Should
please i have only 20 minutes 
Sales Tax A sale of merchandise on account for $16,800 is subject to a 5% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount credited to sales? c) What is the amount debited to Accounts Receivable? (d) What is the account to which the $840.00 is credited
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
