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XYZ Motors Makes a Sale of $15,600 on Account

question 15

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XYZ Motors makes a sale of $15,600 on account. The sales tax rate is 8%. What is the amount debited to Accounts Receivable?


Definitions:

12-Volt Circuit

An electrical pathway that operates at 12 volts, commonly found in automotive electrical systems.

6-Ohm Resistor

An electronic component that opposes the flow of electrical current, with a resistance value of six ohms.

Series

Refers to an electrical circuit configuration in which components are connected end-to-end, such that the current flows through each component in sequence.

Amps

Short for Amperes, the unit of measure for electrical current, representing the flow of electric charge.

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