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

Crane 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. Crane Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $738300. The amount of sales taxes (to the nearest dollar) for May is $66843.$61236$51682.$48300

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