Try another version of this question On June 15, Shuri Company recorded sales of merchandise inventory on account, $21,000. The sales are subject to sales tax of 7%. On July 15, Shuri Company paid $800 of sales tax to the state. Journalize the transaction to record the sale of June 5. Ignore cost of goods sold. Also, journalize the transaction for the payment of taxes to the state.
Date Description Debit Credit June 5 June 5 June 5 July 15 July 15 Date Description Debit Credit June 5 A/R 22,470 June 5 Sales Tax Payable 1,470 June 5 Sales Revenue 21,000 July 15 Sales Tax Payable 800 July 15 Cash 800