Please help with the journal entry for cash payment of a vehicle worth $80,000 with a sales tax of 7.25%

1 How do you record the sale transaction? 2 How do you record the transaction for paying the sales tax collected to the goverment?

Thank you.

3 Question: You are the manager of a Tesla Car Dealership and you just sold a new Tesla S 4 for 80,000 cash. The California sales tax is 7.25% and thre are no additional local sales 5 6 What is the amount of sales tax to collect at th 7 8 Record the Transaction for the sale of the Tesla: Date Account Titles Debit Credit 9 10 11 12 13 14 15 Recort the Transaction for Paying the Sales Tax Collected to the Government: Date Account Titles Debit Credit 16 17 18 19 20 Journal