Determining the Given Statements
Question # 00767025
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Updated on: 06/24/2020 12:03 PM Due on: 07/07/2020
Question: (a) Your roommate says, "Sales taxes are reported as an expense in the income statement." Do you agree? Explain.
(b) Leiana's Cafe has cash proceeds from sales of $8,550. This amount includes $550 of sales taxes. Give the entry to record the proceeds.
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