Dillons AS made credit sales of 30,000 which are subject to 6% VAT. The company also made

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Dillons AS made credit sales of €30,000 which are subject to 6% VAT. The company also made cash sales which totaled €20,670 including the 6% VAT.

(a) Prepare the entry to record Dillons’ credit sales.

(b) Prepare the entry to record Dillons’ cash sales.

Prepare entries for liabilities related to salaries and wages.

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