Posted by: Pdfprep
Post Date: May 31, 2021
DRAG DROP
CDE, an entity registered for sales tax, purchases a piece of equipment for cash on 31 December 20X6 for $30,000 including sales tax. The sales tax rate is 20%.
What is the journal entry required to record this transaction in the nominal ledger?
Place the labels in the corresponding position in the table below:
Answer: 
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