August 13 - Sold inventory on account for $85,000. This inventory cost Playtime $47,850. Playtime uses the perpetual method for recording the purchase and sale of inventory. These sales were subject to a 5% sales tax. This tax of $4250 is in addition to the sale amount listed above. The total amount addded to the accounts receivable for the company is $89,250 (which includes the sales price and the sales tax)