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Which of the following best describes the term expenses? A. The future economic resources of a business entity. B. The cost of assets used in

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Which of the following best describes the term "expenses"? A. The future economic resources of a business entity. B. The cost of assets used in the investing activities of a business. C. The cost of assets used, or the liabilities created, in the operations of a business. D. The amount of interest or claim that the owners have in the business. Jensen Distribution Company/s sales for the day totaled 510,552 . jenkins collected an additional 7.50 it in sales tax. The entry to record the dsyy sales includes a. A. credit to 5a les Tax Payable B. debic to Sales Tax Pavable C. debit ro Sales Tax Expense D. credit to Sales Tax Expiense

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