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On July 5 , Feather Company recorded sales of merchandise inventory on account, $ 2 0 , 0 0 0 . The sales were subject
On July Feather Company recorded sales of merchandise inventory on account, $ The sales were subject to sales tax of On August Feather Company paid $ of sales tax to the state.
Requirements
Journalize the transaction to record the sale on July 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.
Requirement Journalize the transaction to record the sale on July Ignore cost of goods sold. Prepare a single compound entry for this transaction.
tableDateAccounts and Explanation,Debit,CreditJul
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