Oct. 31: Recorded cash sales tor the month of $155,000 plus sales tax of 7%....
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Accounting
Oct. 31: Recorded cash sales tor the month of $155,000 plus sales tax of 7%. The cost of the goods sold was so3,000 and estimated warranty payable was 796 Record the sale first. Do not re d the cost of the sale or the estimated warranty payable. We will do this in the following steps Date Accounts and Explanation Debit Credit Oct 31
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