Nevada Company paid to the state $1,800 in sales tax that it had previously collected from customers.

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Nevada Company paid to the state $1,800 in sales tax that it had previously collected from customers. What type of transaction was this?
1) Asset source
2) Asset use
3) Asset exchange
4) Claims exchange

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Mar 05, 2018 10:13 AM

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Nevada Company paid to the state $1,800 in sales tax that it had previously collected from customers.

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2 Asset use Payment of sales tax of 1800 to state sales tax which is collected previously from cu...View the full answer

Fundamentals of Financial Accounting

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