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During the month of june indigo boutique had cash sales of

Question - During the month of June, Indigo Boutique had cash sales of $259,350 and credit sales of $126,420, both of which include the 5% 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: During the month of june indigo boutique had cash sales of

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Accounting Basics: During the month of june indigo boutique had cash sales of

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