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Toreno Company began Year 1 with a balance of $300 in Sales Tax payable. During the year, the company recorded taxable sales of 92,500 The

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Toreno Company began Year 1 with a balance of $300 in Sales Tax payable. During the year, the company recorded taxable sales of 92,500 The ending balance in Sales Tax payable was $445. Moreno's sales tax rate is 4% equired: . How much sales tax did Moreno collect during Year 1? . How much sales tax did Moreno pay during Year 1

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