On July 5,GuntherGunther Company recorded sales of merchandise inventory on account,$65,000. The sales were subject to sales tax of 4%. On August 15, Gunther Company paid $2,350 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