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Prepare the adjusting entry that should be recorded to

Problem - During the month of June, Windsor Boutique had cash sales of $220,500 and credit sales of $119,700, 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: Prepare the adjusting entry that should be recorded to

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Accounting Basics: Prepare the adjusting entry that should be recorded to

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