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Sheffield Supply does not segregate sales and sales taxes at the time of sale. The register total for March 1 6 is $ 1 6
Sheffield Supply does not segregate sales and sales taxes at the time of sale. The register total for March is $ All sales are subject to a sales tax.
What are the Sales taxes payable: $
Prepare a tabular summary to record sales taxes payable and sales. If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign or parentheses in front of the amount entered foe the particular Asset, Liability or Equity item that was reduced.
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