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Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). Dextra collects 9% sa tax. Record the entry for the $20,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this to the government on October 15. View transaction list Journal entry worksheet < 1 2 3 Record the cash sales and 9% sales tax. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal >

Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). Dextra collects 9% sa tax. Record the entry for the $20,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this to the government on October 15. View transaction list Journal entry worksheet < 1 2 3 Record the cash sales and 9% sales tax. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3 Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). Dextra collects 9% sales tax. Record the entry for the $20,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. View transaction list Journal entry worksheet < 1 2 3 Record the cash sales and 9% sales tax. Note: Enter debits before credits. Date September 30 General Journal Debit Credit > Record entry Clear entry View general journal
Transcribed Image Text:3 Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). Dextra collects 9% sales tax. Record the entry for the $20,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15. View transaction list Journal entry worksheet < 1 2 3 Record the cash sales and 9% sales tax. Note: Enter debits before credits. Date September 30 General Journal Debit Credit > Record entry Clear entry View general journal
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