Question: Exercise 13-5 Your answer is partially correct. Try again. During the month of June, Indigo Boutique had cash sales of $246,750 and credit sales of

Exercise 13-5 Your answer is partially correct. Try again. During the month of June, Indigo Boutique had cash sales of $246,750 and credit sales of $164,220, both of which include the 5% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor, Question Attempts: 2 of 3 used
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