Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax,Record the entry for the $6,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to thegovernment on October 15.View transaction listJournal entry worksheet1<>Record the cash sales and 5% sales tax.ncesNote: Enter debits before credits.DateGeneral JournalDebitCreditSep 30< Prev2 of 8Next >8:47 PM3/27/2022F6F8F9F10InsertPrt ScF11F12FnLock Ticketsales, Inc., receives $5,000,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket sales onOctober 31. Record the revenue earned for the first concert date of November 5, assuming it represents one-fourth of the advanceticket sales. Ticketsales, Inc. initially records prepaid and unearned items in balance sheet accounts.View transaction listJournal entry worksheet1<>Record the cash receipt in advance of concerts.Note: Enter debits before credits.DateGeneral JournalDebitCreditOct 31< Prev3 of 8Next >8:47 PM3/27/2022FnLockInsertPrt ScF2F6F8F9F10F11F12F4F7%24&

Sales Tax - Sales Tax is the tax collected on the sales made by the company from the customer. It is…

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax. Record the entry for the $6,000 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 5% sales tax. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax. Record the entry for the $6,000 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 5% sales tax. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30

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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Journalize the entries to record the following selected transactions: i. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the merchandise sold 0. was $510. ii. Paid $436 to the state sales tax department for taxes collected. Date Description Post. Debit Credit Ref. -C 121 Review Bununo
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