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Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold 562,800 of merchandise on account, subject to a sales tax of
Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold 562,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchand se so d was 537,500. If an amount box does not require an entry, leave it blank. b. Paid 539,650 to the state sales tax department for taxes collected. If an amount box does not require an entry, leave it blank
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