Question: Question 1 (3 points) On June 8 th , 2020, Rowling Boutique had cash sales of $220,000 and credit sales of $145,000, both of which

Question 1 (3 points) On June 8th, 2020, Rowling Boutique had cash sales of $220,000 and credit sales of $145,000, both of which are subject to an additional 6% sales tax that must be remitted to the State Government by July 15th, 2020. Prepare one compound journal entry for both cash and credit sales on June 8th, 2020 and the journal entry to remit the sales tax to the State Government on July 10th, 2020.

June 8th, 2020

Debit

Credit

July 10th, 2020

Debit

Credit

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