A sale of merchandise on account for $16,800, terms n/30, is subject to an 5% sales tax. a. Should the sales tax be recorded at the time of sale or when payment is received? b. What is the amount of the sale? $fill in the blank 2 c. What is the amount of the increase to Accounts Receivable? If required, round your answers to nearest whole value. $fill in the blank 3 d. What is the title of the account in which the $840 ($16,800 x 5%) is credited?

Sales Tax A sale of merchandise on account for $16,800, terms n/30, is subject to an 5% sales tax. a. Should the sales tax be recorded at the time of sale or when payment is received? b. What is the amount of the sale? $ c. What is the amount of the increase to Accounts Receivable? If required, round your answers to nearest whole value. $ d. What is the title of the account in which the $840($16,8005%) is credited