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Flaherty Co. operates in a state where the sales tax rate is 6%. During August,...

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Accounting

Flaherty Co. operates in a state where the sales tax rate is 6%. During August, Flaherty generated cash sales of $265,000, including sales tax. Flaherty's journal entry to record these sales would include a ____________ (note: all amounts are rounded to the nearest dollar).

$15,900 credit to sales taxes payable.

$15,000 credit to sales taxes payable.

$265,000 credit to sales revenue.

$249,100 credit to sales revenue.

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