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Homework answers / question archive / Hibbett Company does not segregate sales and sales taxes on its cash register

Hibbett Company does not segregate sales and sales taxes on its cash register

Accounting

Hibbett Company does not segregate sales and sales taxes on its cash register. Its register total for the month is $259,700, which includes a 6% sales tax.

Instructions

Compute sales taxes payable, and make the entry to record sales and sales taxes payable.

 

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