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Brief Exercise 13-8 (Algo) Sales tax [LO13-3] During December, Rainey Equipment made a $614,000 credit sale. The state sales tax rate is 6% and

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Brief Exercise 13-8 (Algo) Sales tax [LO13-3] During December, Rainey Equipment made a $614,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%. 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

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