Question: On October 15 Ocburn purchased 2 500 of merchandise on credit
On October 15, Ocburn purchased $2,500 of merchandise on credit. The next day, it recorded sales of $1,700; cost of sales was $1,200. Record the October 15 and October 16 entries assuming each of the geographical areas noted in Exhibit 11.6. A chart similar to the following might be useful in organizing your answer, where those regions with the same sales taxes are combined in onecolumn.
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