Marigold Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $8,400. All sales are subject to a 5% sales tax.

Compute sales taxes payable.

Sales taxes payable		$ enter a dollar amount

Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 16	enter an account title to record sales taxes payable and sales on March 16	enter a debit amount	enter a credit amount
	enter an account title to record sales taxes payable and sales on March 16	enter a debit amount	enter a credit amount
	enter an account title to record sales taxes payable and sales on March 16	enter a debit amount	enter a credit amount

Answer rating: 100% (QA)

Total Amount Including Sales tax 8400 suppose if sale 100 Sales ... View the full answer