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Blue Spruce Industries has total sales of 144000 and sales taxes collected totaling $ 10080 based on a 7% tax rate during June Blue Spruce

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Blue Spruce Industries has total sales of 144000 and sales taxes collected totaling $ 10080 based on a 7% tax rate during June Blue Spruce submitted $ 5500 of the taxes to the State before the end of June. Which one of the following will be reported on Blue Spruce's financial statements at the end of June? Sales Tax Expense for $ 10080 Sales for $ 154080 Sales Taxes Payable for $4580 Net sales for $148580

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