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Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of
Chegg Stuchapters 9 & 10 iSavedDextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). The sales tax law requiresDextra to collect 10% sales tax on every dollar of merchandise sold. Record the entry for the $16,000 sale and its applicable sales tax.Also record the entry that shows the payment of the 10% tax on this sale to the state government on October 15.View transaction listView journal entry worksheetNoDateGeneral JournalDebitSep 30Cash17,600Sales16,000Sales taxes payable1,600Sep 30Cost of goods sold11,200Merchandise inventory11,200iOct 15Sales taxes payable1,600Cash1,600
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