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Make journal entries to record the preceding transactions

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Reference no: EM132884181

Problem - Sales Taxes - During August, Hill Sales Company had these summary transactions:

1. Cash sales of $210,000, subject to sales taxes of 6%.

2. Sales on account of $260,000, subject to sales taxes of 6%.

3. Paid the sales taxes to the state.

Required - Make journal entries to record the preceding transactions.

Reference no: EM132884181

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