Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,800). Dextra collects 6% sales tax. Record the entry for the $4,000 sale and its sales tax. View transaction list Journal entry worksheet 1 Record the cash sales and 6% sales tax. Note: Enter debits before credits. Date September 30 Cash General Journal Sales Sales taxes payable Debit 4,240 Credit 4,000 240

Dextra Computing sells merchandise for $4,000 cash on September 30 (cost of merchandise is $2,800). Dextra collects 6% sales tax. Record the entry for the $4,000 sale and its sales tax. View transaction list Journal entry worksheet 1 Record the cash sales and 6% sales tax. Note: Enter debits before credits. Date September 30 Cash General Journal Sales Sales taxes payable Debit 4,240 Credit 4,000 240

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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