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USE THE FOLLOWING INFORMATION FOR QUESTIONS #13-14: The following information is available regarding Merchandise that the R&R Corporation sells to the OBX Corporation Gross Sale

USE THE FOLLOWING INFORMATION FOR QUESTIONS #13-14: The following information is available regarding Merchandise that the R&R Corporation sells to the OBX Corporation Gross Sale of Merchandise on Account (not including sales tax) $120,000 Sales Tax Rate 5.50% Cost of Goods Sold, assume Perpetual Inventory System $34,000

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