1- a restaurant made cash sales of $4,000 subject to a 5% sales tax. record the...

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Accounting

1- a restaurant made cash sales of $4,000 subject to a 5% salestax. record the sales and the related tax. also record the paymentof the tax to the state.
on october 1, 2014, rhodes company purchased equipment at a costof $10,000.00, signing a nine-month 8% note payable for thatamount. record the october 1 purchase and the adjusting entryneeded on december 31, 2014. record the entry for the payment ofthe note plus interest at maturity on july 1, 2015.
2- closing entries using T-account
title debit credit
cash
sales revenue
sales tax payable
sales tax payable
cash
equipment
notes payable
interest expense
interest payable
note payable
interest payable
interest expense
cash
please do 1 and 2

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Answer 1 Date Tittle Debit Credit Cash 4200 Sales Revenue 4000 Sales Tax Payable 200 To record cash sales Sales Tax Payable 200 Cash 200 To record payment of sales tax See Answer

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title	debit	credit
cash
sales revenue
sales tax payable

sales tax payable
cash

equipment
notes payable

interest expense
interest payable

note payable
interest payable
interest expense
cash