Your answer is partially correct. Pina Colada Corp. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $14,580. All sales are subject to a 8% sales tax. Compute sales taxes payable. Sales taxes payable 825 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 Cash 14580 Sales Revenue 825 Sales Taxes Payable 13755 C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Nov. 1, 2022 Dec. 31, 2022 Feb. 1, 2023 Apr. 1, 2023 Borrows $71,000 from First National Bank by signing a 9-month, 8% note. Borrows $74,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Pays principal and interest to Lyon County State Bank. Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Interest Expense Interest Payable note Cash 74000 Interest Expense Interest Payable Notes Payable Cash