1 During December Rainey Equipment made a $760,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 15% Prepare the appropriate journal entry (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the credit sale Noter Enta debits before credite Transaction General Journal Debit Credit Record entry Clear entry View general journal