Journalize the entries to record the following selected transactions.
a. Sold $4,000 of merch...
Journalize the entries to record the following selected transactions.
a. Sold $4,000 of merchandise on account, subject to a sales tax of 6%. The cost of merchandise sold was $2,360. For a compound transaction, if an amount box does not require an entry, leave it blank.
b. Paid $42,110 to the state sales tax department for taxes collected.
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