Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects

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Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax.

(1) Record the entry for the $6,000 sale and its sales tax.

(2) Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 23, 2024 12:00 PM

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Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects

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In accounting the recording of financial transactions is done through journal entries Lets assume De...View the full answer

Financial And Managerial Accounting

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