During the month of june bench co had cash sales of 300000

Reference no: EM13391296

During the month of June, Bench Co. had cash sales of $300,000 and credit sales of $180,000, both of which include the 8% sales tax that must be remitted to the state by July 15.

Instructions

Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements.

Reference no: EM13391296

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