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Bonita Corporation made credit sales of $26,400 which are subject to 5% sales tax. The corporation also made cash sales which totaled $27,195 including the 5% sales tax.
Required:
a. Prepare the entry to record Dillons’ credit sales.
b. Prepare the entry to record Dillons’ cash sales.
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Bonita Corporation made credit sales of $26,400 which are subject to 5% sales tax. The corporation a...
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