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During November, Wireless, Inc. makes a $2,700 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate
During November, Wireless, Inc. makes a $2,700 credit sale excluding sales tax. The state sales tax rate is 5% and the local sales tax rate is 1.50%. Record sales revenue and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet Record sales revenue and sales tax payable. Note: Enter debits before credits. Event General Journal Debit Credit Record entry View general journal Clear entry
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