Question: Journalize the following selected transactions, assuming a perpetual inventory method is used: a. Sold $900 of merchandise on account, subject to 7% sales tax. The

Journalize the following selected transactions, assuming a perpetual inventory method is

Journalize the following selected transactions, assuming a perpetual inventory method is used: a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the merchandise sold was $510. b. Paid $436 to the state sales tax department for taxes collected it an amount box does not require an entry, leave it blank

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