Journalize the entries to record the following selected transactions. a. Sold $5,900 of merchandise on account,...
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Journalize the entries to record the following selected transactions. a. Sold $5,900 of merchandise on account, subject to a sales tax of 8%. The cost of merchandise sold was $3,480. For a compound transaction, if an amount box does not require an entry, leave it blank. 00000 b. Paid $38,830 to the state sales tax department for taxes collected. Journalize the entries to record the following selected transactions. a. Sold $5,900 of merchandise on account, subject to a sales tax of 8%. The cost of merchandise sold was $3,480. For a compound transaction, if an amount box does not require an entry, leave it blank. 00000 b. Paid $38,830 to the state sales tax department for taxes collected.
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