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    A Company Receives $99, of Which $9 Is for PST
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A Company Receives $99, of Which $9 Is for PST

Question 2

Question 2

Multiple Choice

A company receives $99, of which $9 is for PST (provincial sales tax) . The journal entry to record the sale would include a


A) debit to Cash for $90.
B) debit to PST Expense for $9.
C) credit to PST Payable for $9.
D) debit to Sales for $99.

Correct Answer:

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