Brief Exercise 8-8 Record sales tax (LO8-4) During December, Far West Services makes a $3,800...
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Brief Exercise 8-8 Record sales tax (LO8-4)
During December, Far West Services makes a $3,800 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. (Note: the sales tax amount is in addition to the credit sale amount.)
Record sales and sales tax payable. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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