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Question 25 2.5 pts Wonderland Co. made credit sales on account of $63,600 which includes a 6% sales tax. The company recorded the whole amount

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Question 25 2.5 pts Wonderland Co. made credit sales on account of $63,600 which includes a 6% sales tax. The company recorded the whole amount as sales revenue during the year. What is the change in Sales Revenue that should be recorded in an adjusting entry at the end of the year? (Enter a positive number for an increase in sales revenue, a negative number for a decrease in sales revenue, or O for no change in sales revenue). Question 26 2.5 pts Phoenix Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is probable that they may lose the case. The attorney estimated that there is a 70% chance of losing. If this is the case, their attorney estimated that the amount of any payment would be $500,000. What is the required journal entry as a result of this litigation? Litigation Expense [ Choose Litigation Liability [ Choose

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