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Consider the following transactions of Gem Software: Mar. 3 1 Recorded cash sales of $ 1 4 0 , 0 0 0 , plus sales

Consider the following transactions of Gem Software:
Mar. 31 Recorded cash sales of $140,000, plus sales tax of 9% collected for the state of New Jersey.
Apr. 6 Sent March sales tax to the state.
Mar. 31: Recorded cash sales of $140,000, plus sales tax of 9% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.)
\table[[Date,Accounts and Explanation,Debit,Credit],[Mar.31],[,,,],[,,,],[,,,],[,,,]]
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