Sales tax transactions Journalize the entries to record the following selected transactions. Question Content Area a. Sold $767,000 of merchandise on account, subject to a sales tax of 5%. The cost of the goods sold was $452,530. If an amount box does not require an entry, leave it blank. blankAccountDebitCredit blank. b. Paid $50,420 to the state sales tax department for taxes collected. If an amount box does not require an entry, leave