Sales Tax Transactions Journalize the entries to record the following selected transactions. a. Sold $804,000 of merchandise on account, subject to a sales tax of 8%. The cost of the goods sold was $474,360. If an amount box does not require an entry, leave it blank. 38 b. Paid $50,010 to the state sales tax department for taxes co If an amount box does not require an entry, leave it blank. s collected. 00