Please cite as much as possible from:
College Accounting: A Practical Approach
12th Edition, 2013
ISBN-13: 9780132772068
Jeffrey Slater
Please answer either of the following:
2. Explain why the account Sales Tax Payable is credited when a sale is made subject to a sales
tax?
3. Compare and contrast the controlling account Accounts Payable to the accounts payable subsidiary ledger. Discuss why the balance of the controlling account, Accounts Payable, does not equal the sum of the accounts payable ledger during the month.
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