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TIF11-1 (similar to) Question Help On August 10, Richardson Company recorded sales of merchandise inventory on account, $4,200. The sales were subject to sales tax

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TIF11-1 (similar to) Question Help On August 10, Richardson Company recorded sales of merchandise inventory on account, $4,200. The sales were subject to sales tax of 9%. The company uses the perpetual inventory system. On September 30, Richardson paid $778 of sales tax to the state 1. Journalize the transaction to record the sale on August 10. Ignore cost of goods sold. 2. Journalize the transaction to record the payment of sales tax to the state. (Record debits first, then credits. Select the poxplanation on the last line of the joumal entry table.) Debit Credit 1. Journalize the transaction to record the sale on August 10. Ignore cost of goods sold. Date Accounts and Explanation Aug 10 Accounts Receivable AL worl lary OVE

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