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On July 5. Weimer Company recorded sales of merchandise inventory on account, $50,000. The sales were subject to sales tax of 6%. On August 15,
On July 5. Weimer Company recorded sales of merchandise inventory on account, $50,000. The sales were subject to sales tax of 6%. On August 15, Weimer Company paid $2,450 of sales tax to the state Requirements 1. Journalize the transaction to record the sale on July 5. Ignore cost of goods sold. 2. 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
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