Consider the following transactions of Green Software: Mar. 31 Apr. 6 Recorded cash sales of $130,000, plus sales tax of 7% collected for the state of New Jersey. Sent March sales tax to the state. Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 31: Recorded cash sales of $130,000, plus sales tax of 7% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.) Date Mar. 31 Cash Accounts and Explanation Debit Credit Sales Revenue Sales Tax Payable

Consider the following transactions of Green Software: Mar. 31 Apr. 6 Recorded cash sales of $130,000, plus sales tax of 7% collected for the state of New Jersey. Sent March sales tax to the state. Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 31: Recorded cash sales of $130,000, plus sales tax of 7% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.) Date Mar. 31 Cash Accounts and Explanation Debit Credit Sales Revenue Sales Tax Payable

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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