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ABC Jewelry sells a $5,000 bracelet and collects 6% sales tax. The company will record:...

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Question

Accounting

ABC Jewelry sells a $5,000 bracelet and collects 6% sales tax. The company will record:

Select one:

a.

Sales Revenue of $5,000.

b.

Sales Revenue of $5,000 and Sales Tax Revenue of $300.

c.

Sales Revenue of $5,300.

d.

Sales Revenue of $5,000 and Sales Tax Expense of $300.

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