Recording sales tax Consider the following transactions of Sapphire Software: Journalize the transactions for the company Ignore cost of goods sold. Mar. 31 Recorded cash sales of $230,000, plus sales...


Recording sales tax


Consider the following transactions of Sapphire Software:


Journalize the transactions for the company Ignore cost of goods sold.


Mar. 31 Recorded cash sales of $230,000, plus sales tax of 7% collected for the<br>state of New Jersey.<br>Apr. 6 Sent March sales tax to the state.<br>

Extracted text: Mar. 31 Recorded cash sales of $230,000, plus sales tax of 7% collected for the state of New Jersey. Apr. 6 Sent March sales tax to the state.

Jun 03, 2022
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