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Peyton Company Sold Merchandise to a Customer for $880 Cash

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Peyton Company sold merchandise to a customer for $880 cash in a state where the sales tax rate is 5%. (Ignore the effect of cost of goods sold.) Peyton Company sold merchandise to a customer for $880 cash in a state where the sales tax rate is 5%. (Ignore the effect of cost of goods sold.)

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(I) (I) (I) (I) (N) (I) (I)
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