Question: Need help completing attachment below. Sales Tax Payable Transactions. Copyright 2014 Christine Jonick Sales Tax Payable Transactions You are Jonick Corporation, a company that sells

Need help completing attachment below. Sales Tax Payable Transactions.

Need help completing attachment below. Sales Tax Payable Transactions. Copyright 2014 Christine

Copyright 2014 Christine Jonick Sales Tax Payable Transactions You are Jonick Corporation, a company that sells merchandise to customers. 1. 2. Journalize the transactions below. Post the transactions for January to the ledgers. You will only post to the 1 Sales Tax Payable account. 1 1/4 You sell merchandise on account to Blair Company for $15,900. The cost of merchandise sold is $7,500. There is a 7% sales tax on the transaction. Date 1/4 1/11 Debit Credit You sell merchandise on account to Copper Company for $8,800. The cost of merchandise sold is $4,100. There is a 7% sales tax on the transaction. Date 1/11 1/18 Account Account Debit Credit You sell merchandise for cash to Dean Company for $3,300. The cost of merchandise sold is $1,600. There is a 7% sales tax on the transaction. Date 1/18 Account Debit Credit 1/25 You sell merchandise on account to Ethan Company for $11,400. The cost of merchandise sold is $5,400. There is a 7% sales tax on the transaction. Date 1/25 2/10 Account Debit Credit You pay the sales tax collected in January to the state department of revenue. Date 2/10 Account Debit Credit Scoring Journal entries Ledger accounts Date Item Total Possible 5 1 6 Number Correct 0 0 0 Grade 0% Sales Tax Payable Debit Credit Debit Credit `

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