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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.
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Journal entry worksheet
<
1
2
Record the cash sales and 6% sales tax.
Note: Enter debits before credits.
Date
September
30
General Journal
Debit
Credit
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