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What is amount that will be credited to sales tax payable

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Reference no: EM132672381

Problem 1: Zorn Inc. makes a sale for $490. The company is required to collect sales taxes amounting to 10%. What is the amount that will be credited to the Sales Tax Payable account?

Multiple Choice

Option 1: $49

Option 2: $44

Option 3: $245

Option 4: $54

Reference no: EM132672381

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