Recording sales and state sales tax on services ahlers


Question: Recording Sales and State Sales Tax on Services Ahlers Clocks sells and repairs wall clocks, mantles, and grandfather clocks and is located in the Empire Mall in Sioux Falls, South Dakota. Assume that a grandfather clock was repaired for $50 cash plus 4 percent sales tax. Prepare the journal entry and show the accounting equation effects related to this transaction.

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Accounting Basics: Recording sales and state sales tax on services ahlers
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