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Lakeside Electronics sold a television for $1,200 subject to a 6% sales tax. The entry in the general journal will include a credit to Sales for a) $1,200.00 b) $1,272.00 c) $1,128.00 d) $1,300.00

Lakeside Electronics sold a television for $1,200 subject to a 6% sales tax. The entry in the general journal will include a credit to Sales for a) $1,200.00 b) $1,272.00 c) $1,128.00 d) $1,300.00

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 7MCQ
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Lakeside Electronics sold a television for $1,200 subject to a 6% sales tax. The entry in the general journal will include a credit to Sales for a) $1,200.00 b) $1,272.00 c) $1,128.00 d) $1,300.00
Transcribed Image Text:Lakeside Electronics sold a television for $1,200 subject to a 6% sales tax. The entry in the general journal will include a credit to Sales for a) $1,200.00 b) $1,272.00 c) $1,128.00 d) $1,300.00
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