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Brief Exercise 8-8 (Algo) Record sales tax (LO8-4) During December, Midwest Services makes a credit sale of $3,800 (before sales taxes). The state sales tax
Brief Exercise 8-8 (Algo) Record sales tax (LO8-4) During December, Midwest Services makes a credit sale of $3,800 (before sales taxes). The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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