Alexis Company has total proceeds from sales of ($ 4,515). If the proceeds include sales taxes of

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Alexis Company has total proceeds from sales of $\$ 4,515$. If the proceeds include sales taxes of $5 \%$, what is the amount to be credited to Sales Revenue?

a. $\$ 4,000$.

c. $\$ 4,289.25$.

b. $\$ 4,300$.

d. None of the answer choices is correct.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Feb 26, 2024 04:00 AM

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Alexis Company has total proceeds from sales of ($ 4,515). If the proceeds include sales taxes of

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b Dividing the total proceeds 4515 by one ...View the full answer

Financial Accounting Tools For Business Decision Making

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