Problem

Recording sales tax [5-15 min]Consider the following transactions of Pearl Software:Mar31R...

Recording sales tax [5-15 min]

Consider the following transactions of Pearl Software:

Mar31

Recorded cash sales of $180,000, plus sales tax of 8% collected for the state of Texas.

Apr 6

Sent March sales tax to the state.

Requirement

1. Journalize the transactions for the company.

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Solutions For Problems in Chapter 10