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QS 9-3 (Algo) Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200).
QS 9-3 (Algo) Accounting for sales taxes LO C2 Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 9% sales tax. Record the entry for the $16,000 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. 1 Record the cash sales and 9% sales tax. 2 Record the cost of September 30th sales. 3 Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. EX: Crec
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