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What is the amount debited to accounts receivable

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Reference no: EM133129059

Question - Sales Tax - A sale of merchandise on account for $16,400 is subject to a 8% sales tax.

(a) Should the sales tax be recorded at the time of sale or when payment is received?

(b) What is the amount credited to sales?

(c) What is the amount debited to Accounts Receivable?

Reference no: EM133129059

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