Consider the following transactions of

Diamond Software:

Mar.	31	Recorded cash sales of $200,000, plus sales tax of 7% collected for the state of New Jersey.
Apr.	6	Sent March sales tax to the state.

Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Mar.31

Recorded cash sales of

$200,000,

plus sales tax of

77%

collected for the state of New Jersey. (Prepare a single compound entry for this transaction.)

Date			Accounts and Explanation	Debit	Credit
Mar. 31

Apr.

6: Sent

March

sales tax to the state.

Date			Accounts and Explanation	Debit	Credit
Apr. 6