Journalize the transaction to record the payment of sales


On july 5, the mayer corporation recorded sale of merchandise inventory on account $30,000. The sale were subject to sales tax of 6%. On august 15, the moyer company paid 1000 of sales tax to state

Requirements:

1: Journalize the transaction to record the sale on July 5. Ignore cost of good sold

2: Journalize the transaction to record the payment of sales tax to the state.

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Accounting Basics: Journalize the transaction to record the payment of sales
Reference No:- TGS02581594

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