Brief Exercise 8-7 Record sales tax (LO8-4) During December, Far West Services makes a $1,200 credit sale. The state sales tax rate is 6% and the...

Brief Exercise 8-7 Record sales tax (LO8-4)During December, Far West Services makes a $1,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.5%. Record sales and sales tax payable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)