Reeves Company has total proceeds from sales of ($ 4,515). If the proceeds include sales taxes of

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Reeves Company has total proceeds from sales of $\$ 4,515$. If the proceeds include sales taxes of $5 \%$, the amount to be credited to Sales is:

a. $\$ 4,000$.

b. $\$ 4,300$.

c. $\$ 4,289.25$.

d. No correct answer given.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:07 AM

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Reeves Company has total proceeds from sales of ($ 4,515). If the proceeds include sales taxes of

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Financial Accounting

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