Question: Simms Accountants charged a client $ 2 , 0 0 0 cash plus tax for services provided in a state where the service sale q

Simms Accountants charged a client $2,000 cash plus tax for services provided in a state where the service sale
q,
sales tax liability account increases by $120
cash account increases by $2,120
cash flow from operating activities is not affected
revenue account increases by $2,120
Simms Accountants charged a client $ 2 , 0 0 0

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