Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold Record the entry for the $6,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 5% tax on this sale to the state government on October 15

Required:

Record the cash sales and 5% sales tax. 

On January 1, Avers Co. borrowed $10,000 by extending their past-due account payable with a a 60-day, 8% Interest-bearing note. On March 1, the due date, Avers pays the amount due in full. This entry would be recorded by Avers with a debit to (Accounts Payable/Notes Payable/Cash) In the amount of. Click the answer you think Is right. Cash; $10,133 Cash; $10,000 Notes Payable; $10,000 Cash; $10,800 Notes Payable; $10,800 Notes Payable; $10,133