Associated Foods Had Cash Sales of $787,000 During the Month

question 145

Essay

Associated Foods had cash sales of $787,000 during the month of August. Sales taxes of 7% were collected on the sales. Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.

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Cat Lover

An individual who has a strong affection or preference for cats.

Dog Lover

An individual with a strong affection and enthusiasm towards dogs.

Brand Cola

A specific brand of cola, which is a carbonated soft drink flavored with caramel, caffeine, and other ingredients.

University Students

Individuals who are enrolled in an institution of higher education to pursue a degree or academic program.