Dextra computing sells merchandise

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Reference no: EM13953417

Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires Dextra to collect 3% sales tax on every dollar of merchandise sold. Record the entry for the $17,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 3% tax on this sale to the state government on October 15.

Record the cash sales and 3% sales tax.

record the cost of sept. 30th sales.

record the entry that shows the remittance of the 3% tax on this sale to the state government on october 15.

please show the calculations as well.

Reference no: EM13953417

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