Question: On May 2 6 , 2 0 2 0 , the Kearney Corp. recorded a credit sale for $ 2 9 9 , 7 3

On May 26,2020, the Kearney Corp. recorded a credit sale for $299,730. The state in which Kearney operates has a 3% sales tax, and Kearney does not segregate sales tax at the time of sale.
Required:
a. Record this May 26 credit sale on the Kearney books.
b. Make the May 31,2020 adjusting entry for Kearney related to this sale and sales taxes.
c. Make the May 26,2020 entry for Kearney, assuming it does segregate sales tax at the time of sale.

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