on Ju ly 5, Brenner company recorded sales of merchandise inventory on account 65,000. The...
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Accounting
on Ju ly 5, Brenner company recorded sales of merchandise inventory on account 65,000. The sales were subject to sales tax of 3%. on August 15, Brenner company paid 1,500 if sales tax to the state.
1. journalist the transaction to record the sale on July 5, ignore cost of goods sold
2. journalize the transaction to record the payment of sales tax to the state.
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