Associated Foods had cash sales of $787,000 during the month of August. Sales taxes of 7% were collected on the sales. Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.

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The Answer of Associated Foods had cash sales of $787,000 during the month of August. Sales taxes of 7% were collected on the sales. Prepare an aggregate journal entry to record the sales revenue and sales tax for the month.

Associated Foods Had Cash Sales of $787,000 During the Month