A ticket is sold for a flat rate of $$58\mathrm{.}00$ and the customer pays the $$58\mathrm{.}00$ at the time of the sale. What will be the general journal entry for the company selling the ticket at a sales tax rate of $6\mathrm{.}25\%($check figure: sales tax $=$ $$3\mathrm{.}41\mathrm{)?}$

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The general journal entry for the sale of a ticket with a sales t... View the full answer