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Requirement 1. A restaurant made cash sales of $12,000 subject to a 7% sales tax. Record the sales and the related sales tax. Also

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Requirement 1. A restaurant made cash sales of $12,000 subject to a 7% sales tax. Record the sales and the related sales tax. Also record the payment of the tax to the state. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by preparing a compound journal entry to record the sales and the related sales tax. Date Accounts and Explanations Debit Credit

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