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Assume that Tim's Store sold merchandise on account to Teen Town Tots. The sales invoice indicates a sale of $1,800 with a sales tax rate of 6.5% that must be collected. What is the appropriate journal entry for this transaction?

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Assume that Tim's Store sold merchandise on account to Teen Town Tots. The sales invoice indicates a sale of $1,800 with a sales tax rate of 6.5% that must be collected. What is the appropriate journal entry for this transaction?






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