Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). The sales tax law requires Dextra to collect 10% sales tax on every dollar of merchandise sold. Record the entry for the $16,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 10% tax on this sale to the state government on October 15.

Chegg Stu chapters 9 & 10 i Saved Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). The sales tax law requires Dextra to collect 10% sales tax on every dollar of merchandise sold. Record the entry for the $16,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 10% tax on this sale to the state government on October 15. View transaction list View journal entry worksheet No Date General Journal Debit Sep 30 Cash 17,600 Sales 16,000 Sales taxes payable 1,600 Sep 30 Cost of goods sold 11,200 Merchandise inventory 11,200 i Oct 15 Sales taxes payable 1,600 Cash 1,600