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Wrecker Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $2,900). The sales tax law requires Wrecker to collect 4% sales
Wrecker Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $2,900). The sales tax law requires Wrecker to collect 4% sales tax on every dollar of merchandise sold. Record the entry for the $5,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 4% tax on this sale to the state government on October 15. (Omit the "$" sign in your response.) Debit Date General Journal Credit (Click to select) (Click to select) (Click to select) Sept. 30 (Click to select) Sept. 30 (Click to select) (Click to select) Oct. 15 (Click to select)
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