Respuesta :
Answer:
Explanation:
The journal entry is shown below:
Accounts receivable A/c Dr $1,302
    To Sales A/c $1,200
    To Sales tax payable $102
(Being sales and sales tax payable is recorded)
The computation of the sales tax payable is shown below:
= Credit sale Ă— state sales tax rate + credit sale Ă— local sales tax rate
= $1,200 Ă— 6% + 1,200 Ă— 2.5%
= $72 + $30
= $102
The journal entry is shown below:
Accounts receivable A/C Dr $1,302
To Sales A/c $1,200
To calculate the sales tax and record sales, we should know the sales tax payable which is already recorded.
What is tax?
This is a compulsory contribution to state revenue, levied by the government on worker's income and worker's income and business profits.
To Sales tax payable $102 (Being sales and sales tax payable is recorded)
The computation of the sales tax payable is shown below:
Credit sale x state sales tax rate + credit sale x local sales tax rate
= $1,200 x 6% + 1,200 x 2.5%
= $72 + $30
= $102
Therefore, the correct answer for the computation of the sales tax payable is $102.
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