CengageNOWv2... Calculator Read... Access Denied eBook Show Me How Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500. For a compound transaction, if an amount box does not require an entry, leave it blank. III. b. Paid $39,650 to the state sales tax department for taxes collected