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Business, 24.04.2020 16:29 guzmangisselle

Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires Dextra to collect 9% sales tax on every dollar of merchandise sold. Record the entry for the $20,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 9% tax on this sale to the state government on October 15.

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Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000)...
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