Consider the following transactions of Pearl Software: Mar. 31 Recorded cash sales of $200,000, plus sales tax of 5% collected for the state of New Jersey. Sent March sales tax to the state Apr. 6 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 5% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Mar. 31