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Please make the journal entry for cash sales of $31,000 with an 8% sales tax assessed on these cash sales. Then make the entry for
Please make the journal entry for cash sales of $31,000 with an 8% sales tax assessed on these cash sales. Then make the entry for this company paying the withheld tax to the government.
-Using the data from Problem #8, please make the same journal entries with a new caveat being that the sales tax is included in the sales price of $31,000.
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