Question: 4 Oriole Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales

Oriole Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. Oriole Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $751140, The amount of sales taxes (to the nearest dollar) for May is O $49140. $67683 $52581 $62076

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