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what accounts are used when journalizing the transaction
ecorded cash and credit card sales plus sales tax\ in an expanded journal?
sales, cash, and credit card
sales and accounts payable
sales and purchases
sales, sales tax payable, and cash
When recording cash and credit card sales along with sales tax, the revenue from sales is recognized (Sales account), the liability for the sales tax collected (Sales Tax Payable) is recorded, and the cash received (Cash account) is accounted for.
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Sales, Sales Tax Payable, and Cash