Carolina furniture world is required by law to collect and, Ask an Expert

Accounting

Carolina Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $78,000 of cash sales that are subject to a 6% sales tax and a gross margin percentage of 40%, what are the journal entries to record the sales?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92019605

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