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Question - Sandhill Corporation made credit sales of $37,800 which are subject to 6% sales tax. The corporation also made cash sales which totaled $30,846 including the 6% sales tax.
Required -
Prepare the entry to record Sandhill's credit sales.
Prepare the entry to record Sandhill's cash sales.
The SEC released its final rule to implement a code of ethics under SOX Title 404. The stock exchanges have proposed that each company listed on the exchanges.
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