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Adjusting entry for sales tax during the month of june

1. Adjusting Entry for Sales Tax during the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financial statements.

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Accounting Basics: Adjusting entry for sales tax during the month of june

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