Perpetual Inventory System Assignment

On August 10, Garcia Company recorded sales of merchandise inventory on account, $4,800. The sales were subject to a sales tax of 3 %. The company uses a perpetual inventory system. On September 30, Garcia paid $544 of sales tax to the state 1. Journalize the transaction to record the sale on August 10. Ignore the cost of goods sold. 2. Journalize the transaction to record the payment of sales tax to the state. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 1. Journalize the transaction to record the sale on August 10. Ignore the cost of goods sold. Date Accounts and Explanation Debit Credit Aug. 10 Choose from any list or enter any number in the input fields and then click Check Answer.

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