Computing the sales tax due and recording its payment.
The balances of certain accounts of Carter Corporation on April 30, 2010, were as follows:
Sales | $228,000 |
Sales Returns and Allowances | $ 2,600 |
The firm’s net sales are subject to a 5 percent sales tax. Prepare the general journal entry to record payment of the sales tax payable on April 30, 2010.
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