What is the journal entry to record the cash sales
Problem
Cantrell Company is required by law to collect and send sales taxes to the government. If Cantrell has $6,500 of cash sales that are subject to an 9% sales tax, what is the journal entry to record the cash sales?
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If Cantrell has $6,500 of cash sales that are subject to an 9% sales tax, what is the journal entry to record the cash sales?
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