QS $9-3($Algo$)$ Accounting for sales taxes LO C$2$

Dextra Computing sells merchandise for $$15,000$ cash on September $30($cost of merchandise is $$12,000).$ Dextra collects $7\%$ sales tax. Record the entry for the $$15,000$ sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October $15.$

Journal entry worksheet

$1$

$2$

$3$

Record the cash sales and $7\%$ sales tax.

Note: Enter debits before credits.

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$1$ of $15$

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