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Consider the following transactions of Moore Software: Mar. 31 Recorded cash sales of $170,000,...

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Accounting

Consider the following transactions of Moore Software:
Mar. 31 Recorded cash sales of $170,000, plus sales tax of 5% collected for the state of New Jersey.
Apr. 6 Sent March sales tax to the state.
Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Mar. 31: Recorded cash sales of $170,000, plus sales tax of 5% collected for the state of New Jersey. (Prepare a single compound entry for this transaction.)
\table[[Date,Accounts and Explanation,Debit,Credit],[Mar.31],[,,,],[,,,],[,,,],[,,,]]
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