During December, Rainey Equipment made a $600,000 credit sale. The state sales tax rate is 6% and

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During December, Rainey Equipment made a $600,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%. Prepare the appropriate journal entry.

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 02, 2013 06:33 AM

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During December, Rainey Equipment made a $600,000 credit sale. The state sales tax rate is 6% and

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