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Sales tax transactions, need help asap!!! Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $62,800 of merchandise on account,

Sales tax transactions, need help asap!!!
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Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500. If an amount box does not require an entry, leave it blank

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