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    Financial Accounting Tools Study Set 5
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    Exam 10: Reporting and Analyzing Liabilities
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    Jancy Corporation Had Cash Sales of $150,000 for the Month
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Jancy Corporation Had Cash Sales of $150,000 for the Month

Question 67

Question 67

Essay

Jancy Corporation had cash sales of $150,000 for the month of August. Sales are subject to 13% harmonized sales tax (HST). Prepare the entry to record the sales.

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