Question: 3 of 2 5 Concepts completed Multiple Choice Question Bryne Co . sells merchandise and collects a 5 % state sales tax. The tax is

3 of 25 Concepts completed
Multiple Choice Question
Bryne Co. sells merchandise and collects a 5% state sales tax. The tax is recorded on Bryne's general ledger as a(n) account.
asset
liability
expense
revenue
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3 of 2 5 Concepts completed Multiple Choice

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