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10 OS 11-2 Accounting for sales taxes Lo C2 9.09 points Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is
10 OS 11-2 Accounting for sales taxes Lo C2 9.09 points Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the $15,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 7% tax on this sale to the state government on October 15. Skipped View transaction list eBook Record the cash sales and 7% sales tax. Record the cost of September 30th sales Record the entry that shows the payment of the 7% tax 1 Hint 2 Print 3 on this sale to the state government on October 15 Credit Note journal entry has been entered Record entry Clear entry View general journal
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