A customer shopping at Bed, Bath & Beyond, a home products retailer in the United States, made

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A customer shopping at Bed, Bath & Beyond, a home products retailer in the United States, made the following purchases: $100 for bath towels, $135 for an iron, $45 for an ironing board, and $250 for a gift certificate. Sales taxes on the purchase amounted to 5% of the total order. The customer paid with cash. What journal entry will Bed, Bath & Beyond make to recognize revenue on this transaction? Ignore the journal entries to recognize the expenses.

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Financial Accounting An Introduction to Concepts, Methods and Uses

ISBN: 978-1133591023

14th edition

Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis

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