Question: During August Hill Sales Company had these summary transactions 1 Cash

During August, Hill Sales Company had these summary transactions:
1. Cash sales of $210,000, subject to sales taxes of 6%
2. Sales on account of $260,000, subject to sales taxes of 6%
3. Paid the sales taxes to the state
Required:
Prepare journal entries to record the preceding transactions.

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  • CreatedOctober 05, 2015
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