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pleaae explain how to solve each column Cash Sales Revenue Sales tax Payable Consider the following transactions of Gem Soitware: Mar. 31 Recorded cash sales
pleaae explain how to solve each column Cash Sales Revenue Sales tax Payable Consider the following transactions of Gem Soitware: Mar. 31 Recorded cash sales of $160,000, plus sales tax of 6% collected for the stale of New Jersey. Apr. 6 Sent March sales tax to the state Joumalize the transactions for the company. Ignore cost of goods sold. (Record debits first. then credits. Selact the explanation on the last line of the journal entry table.)
Cash
Sales Revenue
Sales tax Payable
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