= 475,000 +28 500 $ 2,600,000 For questions 22-23, use the following information: Bargain Surplus made cash sales during the month of October of $475,000. The sales are subject to a 6% sales tax that was also collected. The journal entry to reflect the sale transaction would include? (answer 22 and 23 below) 22. How much total cash was collected? $50 3.500 23. Sales Tax Payable would be recorded at how much? 8 26,500 5 475, ouo x 6% For questions 24-25, use the following information Posner Co. is a retail store operating in a state with a 7% retail sales tax. Posner made credit sales of $750,000 which are subject to 7% sales tax 24. Total receivables were recorded for how much? 802.5.0 = (750750X7.) 25. Sales Tax Payable is recorded for how much? $54,500 = (7500 x 71.) For questions 26 & 27, use the following information: AAR Somnany nays a weekly navril of $285 that include fo favor with 100 ICA