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

Sunland 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, Sunland Co. records the sales tax in the sales Revenue account. The amount recorded in the sales Revenge account during May was 5760770 The amount of sales taxes payable to the nearest dollar to the state for the month of Mayis 162698 $52191 $38131 48775

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