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Consider the following transactions of Johnson Software Mar. 31 Recorded cash sales of $230,000 plus sales tax of 10% collected for the state of New
Consider the following transactions of Johnson Software Mar. 31 Recorded cash sales of $230,000 plus sales tax of 10% 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 foumal entry table Mar 31 Recorded cash sales of $230,000 plus sales tax of 10% collected for the state of New Jersey (Prepare a single compound entry for this transaction Date Accounts and Explanation Debit Credit Mar 31 Cash Sales Revenue Sales Tax Payable $23.000 $230,000 To record cash sales and the related sales tax Apr 6. Sent March sales tax to the state Date Accounts and Explanation Debit Credit Apr 6
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