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Which accounts should be used in order to post the sales tax

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Reference no: EM132698888

Problem 1: Charlies Pizza collected $150 in sales tax for the quarter. Which of the following accounts should be used in order to post the sales tax?

A- Only Sales Taxes Payable.
B- Sales tax should not be recorded.
C- Both Sales Taxes Payable and Sales Tax Expense.
D- Both Sales Taxes Payable and Cash.
E- Both Income and Sales Tax Expense.

Reference no: EM132698888

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