Solution-Prepare the adjusting entry that should be recorded

Prepare the adjusting entry that should be recorded

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Reference no: EM131115605

1. Adjusting Entry for Sales Tax during the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% 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.

Reference no: EM131115605

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Prepare the adjusting entry that should be recorded : Adjusting Entry for Sales Tax during the month of June, Danielle's Boutique had cash sales of $265,000 and credit sales of $153,700, both of which include the 6% sales tax that must be remitted to the state by July 15

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Prepare the adjusting entry that should be recorded

Reference no: EM131115605

Reference no: EM131115605

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