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Reaves Corp. operates in a state with a 4% sales tax. All sales taxes are payable to the state in the month following collection. During

Reaves Corp. operates in a state with a 4% sales tax. All sales taxes are payable to the state in the month following collection. During June, 2023, Reaves collected $940,249 from sales to customers (including applicable sales taxes). Reaves' June 30, 2023 Sales Taxes Payable balance is

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