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  3. a company receives $305, of which $20 is for sales

A company receives $305, of which $20 is for sales tax. The journal entry to...

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Accounting

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A company receives $305, of which $20 is for sales tax. The journal entry to record the sale would include a debit to Sales Revenue for $305. debit to Sales Tax Expense for $20. credit to Sales Taxes Payable for \$20. debit to Cash for \$285

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