Question: Check my work Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to



Check my work Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to collect 9% sales tax on every dollar of merchandise sold. Record the entry for the $20,000 sale and its applicable sales tax. Also record the entry that shows the payment of 9% tax on this sale to the state government on October 15. points View transaction list Journal entry worksheet eBook 23 Hint Record the cash sales and 9% sales tax. Print Note: Enter debits before credits. References Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
