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.dextra computing sells merchandise

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1.Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold. Record the entry for the $ 6,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15.

Reference no: EM13901948

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.dextra computing sells merchandise : 1.Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900).
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