QS 10-4, pg. 726 - Accounting for sales tax payable, LO2 Suppose Mink Makeup sells $5,600 of makeup (merchandise with a cost of $4,800) for cash on September 30. The sales tax law requires Mink to collect 13% harmonized sales tax on every dollar of merchandise sold. Record Mink's entries for the $5,600 sale and applicable sales tax (assume a perpetual inventory system). Date 2020 Sep. 30 GENERAL JOURNAL Account titles and Explanation PR Debit Credit