CALCULATOR FULL SCREEN PRINTER VERSION B estion 1 enden Auto Supply does not seg

Question

CALCULATOR FULL SCREEN PRINTER VERSION B estion 1 enden Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,976. All sales are subject to e 4% sales tax. mpute sales taxes payable. oles taxes payable SHOW LIST OP ACCOUNTS VIDEO TUTORIA Make the entry to record sales taxes payable and sales revenue. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Mar. 16 Cash Sales Revenue Sales Taxes Payable Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Sales tax payable = 14976/104*4= 576 Mar-16 Cash 14976 Sales revenue 14400 Sales tax payable 576

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