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    Exam 11: Current Liabilities and Payroll
  5. Question
    Gem Corp Had Sales of $3,500
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Gem Corp Had Sales of $3,500

Question 7

Question 7

Multiple Choice

Gem Corp. had sales of $3,500. The state sales tax rate is 8.2%. Sales are for cash. What amount will be debited to the Cash account?


A) $3,500
B) $3,787
C) $287
D) $350

Correct Answer:

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