QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $7,000 cash on September 30 (cost of merchandise is $4,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold. Record the entry for the $7000 sale and its applicable sales tax. Also record the entry that shows the payment of the 5% tax on this sale to the state government on October 15. View transaction list Journal entry worksheet 3 Record the cash sales and 5% sales tax. Note: Enter debits before Date General Journal DebitCredit Sep 30 Clear entry Record entry