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Business Solutions sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Business Solutions collects 3% sales tax. Record the entry for
Business Solutions sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Business Solutions collects 3% sales tax. Record the entry for the $5,000 sale and its sales tax. Also record the entry that shows Business Solutions sending the sales tax on this sale to the government on October 15. View transaction list Journal entry worksheet Record the cash sales and 3% sales tax. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the cost of September 30th sales. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal Journal entry worksheet
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