The sales tax payable account is a revenue account that is credited for the amount of tax imposed on sales.
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Q28: Sales Tax Payable is a liability account.
Q29: A customer returns merchandise that was delivered
Q30: Which of the following accounts is NOT
Q31: Merchandise is sold on account for $90,
Q32: If the schedule of accounts receivable total
Q34: A business that purchases clothing, furniture, computers,
Q35: After posting is completed in the accounts
Q36: The account in which the revenue earned
Q37: The sales account is a revenue account.
Q38: While sales returns and allowances can be
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