Business, 04.07.2020 22:01 Trackg8101

Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the $15,000 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.Record the cost of September 30th sales.

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Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000)...

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