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A Company Receives $265, of Which $15 Is for Sales

Question 101

Multiple Choice

A company receives $265, of which $15 is for sales tax.The journal entry to record the sale would include a

A) debit to Sales Tax Expense for $15.
B) credit to Sales Taxes Payable for $15.
C) debit to Sales Revenue for $265.
D) debit to Cash for $250.

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