Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects
Question:
Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax.
(1) Record the entry for the $6,000 sale and its sales tax.
(2) Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
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