Question: Pharoah Co . is a retail store operating in a state with a 7 % retail sales tax. The retailer may keep 2 % of
Pharoah Co is a retail store operating in a state with a retail sales tax. The retailer may keep of the sales tax collected. Pharoah Co record's the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $
The amount of sales taxes to the nearest dollar to be recognized as a liability for May is
$
$
$
$
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