During December, Rainey Equipment made a $712,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%.

Prepare the appropriate journal entry.

During December, Rainey Equipment made a $712,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%. Prepare the appropriate journal entry. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: tnter debits betore credits