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Swifty Surplus made cash sales during the month of October of $371000. The sales are subject to a 5% sales tax that was also collected.
Swifty Surplus made cash sales during the month of October of $371000. The sales are subject to a 5% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Credit Sales Revenue for $343483. Credit Sales Taxes Payable for $17499. Debit Accounts Receivable for $371000. Credit Sales Taxes Payable for $18550
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