5 8 1 A retailer recorded the following in June: cash sales $2,100; credit sales, $5,000; sales returns and allowances, $1,100. Assuming the sales tax rate is 5 percent, the entry to record the sales tax payment includes a debit to Sales Tax Payable for: $250 $355 $300 $195

A retailer recorded the following in June: cash sales $2,100; credit sales, $5,000; sales returns and allowances, $1,100. Assuming the sales tax rate is 5 percent, the entry to record the sales tax payment includes a debit to Sales Tax Payable for: $250 $355 $300 $195 Discuss the four e-procurement methods and give an example of when each might be used