College Accounting A Career Approach
Sales Tax Payable Is Recorded on the Books of the Purchaser.
Sales Tax Payable is recorded on the books of the purchaser.
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Transactions that increase the amount of cash are recorded in the cash payments journal.
An investment of cash by the owner is recorded in the general journal unless a cash receipts journal is used.
A withdrawal of cash by the owner for personal use is recorded in the purchases journal.
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