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A sale of merchandise on account for $ 5 , 0 0 0 , terms n / 3 0 , is subject to an 8

A sale of merchandise on account for $5,000, terms n/30, is subject to an 8% sales tax.
(a) Should the sales tax be recorded at the time of sale or when payment is received?
Answer: ______________________________________________________________________
(b) What is the amount of the sale?
Answer: ______________________________________________________________________
(c) What is the amount of the increase to Accounts Receivables?
Answer: ______________________________________________________________________
(d) What is the title of the account in which the $400($5,000 x 8%) is recorded?
Answer: ______________________________________________________________________

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