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Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7,200)....

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Accounting

Dextra Computing sells merchandise for $9,000 cash on September 30 (cost of merchandise is $7,200). The sales tax law requires Dextra to collect 7% sales tax on every dollar of merchandise sold. Record the entry for the $9,000 sale and its applicable sales tax. Also record the entry that shows the payment of the 7% tax on this sale to the state government on October 15.

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