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Que Corporation uses a process cost accounting system.The company manufactured certain goods at a cost of $800 and sold them on credit to Are Corporation for $1,075.The complete journal entry to be made by Que at the time of this sale is:
Australian Dollars
The currency of Australia, represented by the symbol AUD and used throughout the country.
Tax
Tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.
Brazilian Real
The official currency of Brazil, abbreviated as BRL, and symbolized by "R$".
U.S. Dollar
A rephrased definition: The currency unit of the United States of America, widely used in global financial transactions and as a reserve currency.
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