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Prepare the journal entry to record sales for current month

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Question - Ambrose golf merchandise stores operates in Massachusetts where sales taxes are 6.5% of sales. When Ambrose collected 33,841 on sales made this month including the sales price and sales taxes. The company uses a periodic inventories system. Prepare the journal entry to record sales for the current month. What is the amount of sales Ambrose will remit to taxing authorities?

Reference no: EM132872757

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