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Prepare the entry to record martinez cash sales

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Reference no: EM132093399

Question - The corporation also made cash sales which totaled $16,905 including the 5% sales tax.

Prepare the entry to record Martinez's cash sales.

What is the Sales Revenue and Sales Tax Payable? I have the correct Cash amount.

Martinez Corporation made credit sales of $39,600 which are subject to 5% sales tax.

What is the Accounts Receivable amount? I have the Sales Revenue and Sales Tax Payable amounts.

Reference no: EM132093399

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