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Sheffield Surplus made cash sales during the month of October of $394000. The sales are subject to a 7% sales tax that wa5 also collected.

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Sheffield Surplus made cash sales during the month of October of $394000. The sales are subject to a 7% sales tax that wa5 also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Debit Accounts Receivable for $394000. Credit Sales Revenue for $366483. Credit Sales Taxes Payable for $26018. Credit Sales Taxes Payable for $27580

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