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    Fundamentals of Financial Accounting
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    Exam 10: Reporting and Interpreting Liabilities
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    Engstrom Company Makes a Sale and Collects a Total of $378,which
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Engstrom Company Makes a Sale and Collects a Total of $378,which

Question 149

Question 149

Multiple Choice

Engstrom Company makes a sale and collects a total of $378,which includes an 8% sales tax.What is the amount that will be credited to the Sales Revenue account?


A) $378
B) $350
C) $406
D) $348

Correct Answer:

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