Warm Wish, a maker of woolen apparel, would face direct competition during winters typically from:
A. manufacturers of room heaters.
B. restaurants that sell hot beverages.
C. weavers of cashmere shawls.
D. breweries that manufacture alcohol.
C. weavers of cashmere shawls.
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Sales revenue for a sporting goods store amounted to $526,000 for the current period. All sales are on account and are subject to a sales tax of 10%. Which of the following would be included in the journal entry to record the sales transaction?
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