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Big 4 Sporting Goods sold $1,000,000 of products in March 2019 to retail customers in San Diego. San Diego imposes an 8.0% sales tax. Customers

  1. Big 4 Sporting Goods sold $1,000,000 of products in March 2019 to retail customers in San Diego. San Diego imposes an 8.0% sales tax. Customers returned $50,000 of items during March 2019. Big 4 paid the sales tax due for March on April 5. Show the entries in the T accounts below (ignore the allowance method of accounting for sales returns.)

Cash

Sales Revenue

Sales Tax Payable

Sales Tax Expense

Sales Returns

Accounts Receivable

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