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    Accounting Principles
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    Exam 11: Current Liabilities and Payroll Accounting
  5. Question
    Sales Taxes Collected by a Retailer Are Recorded by
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Sales Taxes Collected by a Retailer Are Recorded by

Question 205

Question 205

Multiple Choice

Sales taxes collected by a retailer are recorded by


A) crediting Sales Tax Revenue.
B) debiting Sales Tax Expense.
C) crediting Sales Taxes Payable.
D) debiting Sales Taxes Payable.

Correct Answer:

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