A Company has sold $5,000 worth of merchandise for cash, and a 5% sales tax is...
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A Company has sold $5,000 worth of merchandise for cash, and a 5% sales tax is in effect. Prepare the entry to record the sale. Account Title Record the entry made when the company remits the sales tax. Account Title Debit Credit Debit Credit A Company has sold $5,000 worth of merchandise for cash, and a 5% sales tax is in effect. Prepare the entry to record the sale. Account Title Record the entry made when the company remits the sales tax. Account Title Debit Credit Debit Credit
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