Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the $16,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 7% tax on this sale to the state government on October 15.

1) Record the cash sales and 7% sales tax.

2) Record the cost of September 30th sales.

3) Record the entry that shows the payment of the 7% tax on this sale to the state government on October 15.

Note: Enter debits before credits.

General Journal Options:

Accounts payable/ Accrued payroll payable/ Bonus payable/ cash/ Cost of goods sold/ Deferred income tax liability/ Earned services revenue/ Earned ticket revenue/ Employee benefits plan payable/ Employee bonus expense/ Employee fed. inc. taxes payable/ Employee life insurance payable/ Employee medical insurance payable/ employee union dues payable/ Estimated warranty liability/ Federal unemployment taxes payable/ FICA- Medicare taxes payable/ FICA- Social sec. taxes payable/ Income taxes expense/ Income taxes payable/ Interest expense/ Interest payable/ Merchandise inventory/ Notes payable/ Payroll taxes expense/ Repair parts inventory/ Salaries payable/ Sales/ Sales salaries expense/ Sales taxes payable/ Unearned services revenue/ Unearned ticket revenue/ Vacation ticket revenue/ Vacation benefits expense/ Vacation benefits payable/ Wage expense/ Warranty expense

Date	General Journal	Debit	Credit
Sep 30
Sep 30
Oct 15