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Record the entry that shows dextra sending the sales tax

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Accounting for sales taxes

Question 1: Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Dextra collects 3% sales tax. Record the entry for the $5,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.

Reference no: EM132642051

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