What amount must be remitted to the state
Morgan Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $14,310. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes.
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On october 1, sam's painting service borrows $50,000 from national bank on a 3 month, $50,000, 4% note. What entry must sam's painting service make on december 31 before financial statements are prepared?
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