Two competing advertising agencies provide similar services,but record sales using different methods.
1.Diversified Advertising records sales and sales taxes in separate accounts.For the month of March,sales total $10,000 and sales taxes are $600.
2.Centralized Advertising records sales and sales taxes together.For the month of March,sales total $5,300,including a 6% sales tax.
Record sales revenue and the related sales tax payable for (1)Diversified Advertising and (2)Centralized Advertising.
Correct Answer:
Verified
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