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On August 1 0 , Coleman Company recorded sales of merchandise inventory on account, $ 4 , 6 0 0 . The sales were subject
On August Coleman Company recorded sales of merchandise inventory on account, $ The sales were subject to sales tax of The company uses the perpetual inventory system. On September Coleman paid $ of sales tax to the state.
Journalize the transaction to record the sale on August Ignore cost of goods sold.
Journalize the transaction to record the payment of sales tax to the state.
Record debits first, then credits. Select the explanation on the last line of the journal entry table.
Journalize the transaction to record the sale on August Ignore cost of goods sold.
Date
Accounts and Explanation
Debit
Credit
Journalize the transaction to record the payment of sales tax to the state
Date
Accounts and Explanation
Credit
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