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29-04-2024
Business

Answered

Moreno Company began Year 1 with a balance of $1,200 Sales Tax payable the year the company recorded taxable sales of $101,500 The ending balance in Sales Tax payable was $1345 Moreno's sales rate is 4%. Required : How much sales tax did moreno remit(pay to taxing authority) during year 1

Answer :

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