On March 25, Osgood Company sold merchandise on account, $10,000, terms n/30. The applicable sales tax percentage is 7.5%. Record the transaction. Journal Date Description Post. Ref. Debit Credit \begin{array}{l} ext { Journal }\\begin{array} { | c | c | c | c | c | } \hline ext { Date } & ext { Description } & \begin{array} { c } ext { Post. } \ ext { Ref. }\end{array} & ext { Debit } & ext { Credit } \\hline & & & & \\hline & & & & \\hline & & & & \\hline\end{array}\end{array} Journal Date Description Post. Ref. Debit Credit

Question

On March 25, Osgood Company sold merchandise on account, $10,000, terms n/30. The applicable sales tax percentage is 7.5%. Record the transaction.​    Journal   Date   Description   Post.   Ref.   Debit   Credit  \begin{array}{l}	ext { Journal }\\begin{array} { | c | c | c | c | c | } \hline 	ext { Date }  &  	ext { Description }  &  \begin{array} { c } 	ext { Post. } \	ext { Ref. }\end{array}  &  	ext { Debit }  &  	ext { Credit } \\hline  &   &   &   &  \\hline  &   &   &   &  \\hline  &   &   &   &  \\hline\end{array}\end{array}  Journal   Date  ​  Description  ​  Post.   Ref.  ​ ​  Debit  ​  Credit  ​ ​ ​

Zybrea Knight · Accepted Answer

Final Answer :   Journal   Date   Description   Post.   Ref.   Debit   Credit   Mar. 25   Accounts Receivable  10 , 750  Sales  10 , 000  Sales Tax Payable  750 \begin{array}{l}	ext { Journal }\\begin{array} { | c | c | c | c | r | } \hline 	ext { Date }  &  	ext { Description }  &  \begin{array} { c } 	ext { Post. } \	ext { Ref. }\end{array}  &  	ext { Debit }  &  	ext { Credit } \\hline 	ext { Mar. 25 }  &  	ext { Accounts Receivable }  &   &  10,750  &  \\hline  &  	ext { Sales }  &   &   &  10,000 \\hline  &  	ext { Sales Tax Payable }  &   &   &  750 \\hline\end{array}\end{array}  Journal   Date   Mar. 25  ​  Description   Accounts Receivable   Sales   Sales Tax Payable  ​  Post.   Ref.  ​ ​  Debit  10 , 750 ​  Credit  10 , 000 750 ​ ​ ​

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