On July 5, Weimer Company recorded sales of merchandise inventory on account, $40,000 The sales were subject to sales tax of 3%. On August 15 , Weimer Compainy paid the sates tax owed lo the stith fish the July 5 transaction. Requirements 1. Journalize the transaction to rocord the salo on . July 5 . Ignore cast of goods sold. 2. Joumalize the transaction to record the payment of sales tax to lhe state nn August 15 single compound entry tor this transaction.)