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For the month of November, Parry Sound Sales Ltd. recorded $280,000 in sales, 40% of...

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Accounting

For the month of November, Parry Sound Sales Ltd. recorded $280,000 in sales, 40% of which were on account (terms N30), and 60% of which were cash sales. The company is required to charge 6% PST and 5% GST on all sales. Instructions: Prepare one journal entry to record the companys sales for November.

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