Lister Digimatics sells $5,600 of merchandise (with a cost of $4,800) for cash on September 30. The

Question:

Lister Digimatics sells $5,600 of merchandise (with a cost of $4,800) for cash on September 30. The sales tax law requires Lister to collect 13% harmonized sales tax on every dollar of merchandise sold. Record Lister’s entries for the $5,600 sale and applicable sales tax (assume a perpetual inventory system).