Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $13,000 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales?
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Home » Business » Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $13,000 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales?