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A sale was made for $22,000 and the sales tax rate is 6%. What is...

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Accounting

A sale was made for $22,000 and the sales tax rate is 6%. What is included in the journal entry to record this sale?

- credit to sales tax payable for 1320

-debit to cash for 22000

-debit to sales discount for 1320

-credit to sales revenue for 23200

If $12,000 is collected in advance on November 1st for 6 months' rent. What amount of rent revenue should be recognized by December 31?

- none, it will be recognized at the end of 6 month

- 2000

- 4000

-12000

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