Journalize the entries to record the following selected transactions: a. Sold $9,000 of merchandise on account, subject
Question:
a. Sold $9,000 of merchandise on account, subject to a sales tax of 8%. The cost of the merchandise sold was $6,300.
b. Paid $9,175 to the state sales tax department for taxes collected.
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a Accounts Receivable 9720 Sales 90...View the full answer
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Related Book For 
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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