Flounder Corporation made credit sales of

$30,600

which are subject to

5%

sales tax. The corporation also made cash sales which totaled

$19,635

including the

5%

sales tax.\ (a)\ Prepare the entry to record Flounder's credit sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)\ Account Titles and Explanation\ Debit\ Credit

Flounder Corporation made credit sales of $30,600 which are subject to 5% sales tax. The corporation also made cash sales which totaled $19,635 including the 5% sales tax. (a) Prepare the entry to record Flounder's credit sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.)