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Wafa Company did not segregate tax amount with sales. For the month of November It...

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Question

Accounting

Wafa Company did not segregate tax amount with sales. For the month of November It shows a total amount of the bill 59,000. Sales are subject to 18% sales tax.

Instructions:

  1. Compute the amount of of sales tax ? (2 marks)

  1. Prepare the journal entry to record the sale in Wafa books for the month of November. (2 marks)

Answer & Explanation Solved by verified expert
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