On July $5,$ Summer Company recorded sales of merchandise inventory on account, $$15,000.$ The sales were subject to sales tax of $7\%.$ On Aug Summer Company paid the sales tax owed to the state from the July $5$ transaction.

Requirements

Journalize the transaction to record the sale on July $5.$ Ignore cost of goods sold.

Journalize the transaction to record the payment of sales tax to the state on August $15.$

Requirement $1.$ Journalize the transaction to record the sale on July $5.$ Ignore cost of goods sold. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound entry for this transaction.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jul$.5],[,,,],[,,,],[,,,],[,,,]]$

Requirement $2.$ Journalize the transaction to record the payment of sales tax to the state on August $15.($Record debits first, then credits. Select th explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Aug$.15,,,]]$