Jolly's Corner Market made credit sales during the month of October of $225,000. The sales...
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Accounting
Jolly's Corner Market made credit sales during the month of October of $225,000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions?
A) Debit Accounts Receivable for $238,500
B) Credit Sales Taxes Payable for $12,736
C) Credit Sales Revenue for $212,264
D) Debit Sales Taxes Payable for $13,500
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