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A Company Receives $111, of Which $11 Is for PST

Question 143

Multiple Choice

A company receives $111, of which $11 is for PST (provincial sales tax) . The journal entry to record the sale would include a


A) debit to PST Expense for $11.
B) credit to PST Payable for $11.
C) debit to Sales for $111.
D) debit to Cash for $90.

Correct Answer:

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