Make journal entries to record the following transactions. Explanations are not required. May 31 Recorded cash sales

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Make journal entries to record the following transactions. Explanations are not required.

May 31 Recorded cash sales of $630,000 for the month, plus sales tax of 7% collected for the state of Mississippi. Ignore cost of goods sold.

Jun 6 Sent May sales tax to the state.


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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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