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You own an operate a small computer store on November 11 you sell computer merchandise...

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Accounting

You own an operate a small computer store on November 11 you sell computer merchandise for $7000 cash which cost you $3500 your store is located in Muncie so you can collect 7% sales tax on all sales. Use the space below to record the journal entry for the $7000 sale and its sales tax record the journal entry that shows your computer store is sending the sales taxon the sale to the government on December 15

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