Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $62,800 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $37,500 For a compound transaction, if an amount box does not require an entry, leave it blank. b. Paid $39,650 to the state sales tax department for taxes collected Check My Work Previous Next > All work saved Email Instructor Save and Ext Submit Assignment for Grading MacBook Air G Il F9 F10 FM 512 1 * & 7 6 1 0 + 1L 8 9 del Y 1 n D