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Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK NE Brief Exercise 11-03 al-a2

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Answer #1

Sales tax payable = $ 1,700

Explanation

Sales= $35,700 x 100 / 105 = $34,000

Sales Tax payable = $34,000 x 5% = $ 1,700

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