Homework Answers
Sales tax payable (combined) = $5,200 * 8.5% = $5,200 * 0.085
Sales tax payable = $442
Total accounts receivable = $5,200 + $442 = $5,642
Accounts receivable account......Debit $5,642
sales revenue account.................credit $5,200
Sales tax payable account...........credit $442
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