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Accounting

During the month of June, Danielle's Boutique had cash sales of $296,730 and credit sales of $177,660, 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, Accounting

Category:- Accounting Basics
Reference No.:- M941433

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