Instructions Journal Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. Journalize the entries to record the selected March transactions. Refer to the Chart of Accounts for exact wording of ac Sold $62,800 of merchandise orn JOURNAL ar. account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500. Paid $39,650 to the state sales tax department for taxes collected. DATE DESCRIPTION POST. REF DEBIT 23