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QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $14,000 cash on September 30 (cost of merchandIse Is $9,800). The sales
QS 9-2 Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $14,000 cash on September 30 (cost of merchandIse Is $9,800). The sales tax law requires Dextra to collect 4% sales tax on every dollar of merchandise sold. Record the entry for the $14,000 sale and Its applicable sales tax Also record the entry that shows the payment of the 4% tax on this sale to the state government on October 15. View transaction list View journal entry worksheet X Debit Credit 14,560 14,000 1 Record the cash sales and 4% sales tax. 560 Record the cost of September 30th sales. 3 Record the entry that shows the payment of the 4% tax on this sale to the state government on October 15.
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