Question: Journalize the entries to record the following selected transactions: a. Sold $22,600 of merchandise on account, subject to a sales tax of 5%. The cost

Journalize the entries to record the following selected transactions:

a. Sold $22,600 of merchandise on account, subject to a sales tax of 5%. The cost of the merchandise sold was $13,600.

b. Paid $51,668 to the state sales tax department for taxes collected.


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