Solved: All sales are subject to a 7 sales tax compute sales taxes, Accounting Basics

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All sales are subject to a 7 sales tax compute sales taxes

Question - Farm Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,562. All sales are subject to a 7% sales tax. Compute sales taxes payable and make the entry to record sales taxes payable and sales.

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Accounting Basics: All sales are subject to a 7 sales tax compute sales taxes

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Accounting Basics: All sales are subject to a 7 sales tax compute sales taxes

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