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Prepare journal entries for each of the following sales transactions by Elegant Electronics, including a 3.5% sales tax, and the remittance of all sales tax
Prepare journal entries for each of the following sales transactions by Elegant Electronics, including a 3.5% sales tax, and the remittance of all sales tax to the tax board on October 23. PLEASE NOTE: You must follow the format in the textbook and enter the account names exactly as written above and all dollar amounts will be rounded to two decimal places with " $ " and commas as needed (i.e. $12,345.67 ). - Elegant Electronics sells a cellular phone on September 2 for $450 : - On September 6, Elegant sells another cellular phone for $500 : - The remittance of all sales tax to the tax board on October 23
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