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

please help

Sheffield 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. Sheffield Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $763980 The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is $62903 O $48980 $38336 O $52411

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