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On August 10, Swanton Company tecorded sales of morchandiso inventory on account, S4, 000. The sales were subjoct to sales tax of 4%. The company
On August 10, Swanton Company tecorded sales of morchandiso inventory on account, S4, 000. The sales were subjoct to sales tax of 4%. The company uses the perpetual inventory system. On September 30, Swanson paid $500 of salos tax to the state 1. Journalize the transaction to record the sale on August 10. Ignore cost of goods sold. 2. Journalize the transaction to record the payment of sales lax to the state. (Fecerd dobits firt, then credts. Select the explanaton on the last line of the jouenal entry table.) 1. Joumalire the transaction to recoed the sale on August 10 ignoce cost of goods sold. 2. Journalize the transaction to rocord the payment of sales tax to the state
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