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Consider the following transactions of Pendant Software: Mar 31 Recorded cash sales of $150,000, plus sales tax of 9% collected for the state of New

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Consider the following transactions of Pendant Software: Mar 31 Recorded cash sales of $150,000, plus sales tax of 9% 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 joumal entry table.) Mar. 31: Recorded cash sales of $150,000, plus sales tax of 9% collected for the state of New Jersey. (Prepare a single compound entry for this transaction) Accounts and Explanation Debit Credit Date Mar. 31 Apr. 6: Sent March sales tax to the state. Date Accounts and Explanation Debit Credit Apr. 6

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