Examlex
If you were to compare the DNA of any two unrelated people, about what percent of their DNA would be identical?
State Sales Tax
A tax imposed by a state on sales of goods and services, collected by the seller and passed on to the state government.
Sales Taxes Payable
A liability account that represents the amount of sales tax collected from customers by a business, which is owed to the government.
Adjusting Entry
A journal entry made in the accounting records at the end of an accounting period to allocate income and expenses to the correct periods.
Unearned Revenue
Money received by a company for a service or product that has yet to be delivered or provided.
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