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(Solved): HELP ASAP I WILL GIVE LIKE!  Sales tax transactions Journalize the entries to record the follow ...



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Sales tax transactions
Journalize the entries to record the following selected transactions.
a. Sold \( \$ 373,000 \) of merc
Sales tax transactions Journalize the entries to record the following selected transactions. a. Sold \( \$ 373,000 \) of merchandise on account, subject to a sales tax of \( 5 \% \). The cost of the goods sold was \( \$ 220,070 \). If an amount box does not require an entry, leave it blank. b. Paid \( \$ 41,280 \) to the state sales tax department for taxes collected. If an amount box does not require an entry, leave it blank.


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