board WEBCAM Remaining Time: 2 hours, 07 minutes, 16 seconds. Question Completion Status: Moving to another question will save this response Question 13 of 29 Jestion 13 3 points Svet A sales tax of is in effect for a company. The company sells a product on credit The before-tax) price of the product is $32,000. The company records both the sales tax and the sales amount in the sales account at the time of sale. Which of the following are correct if the required adjusting entry is skipped? 0) Sales revenue is understated by $1,600. O) Sales revenue is overstated by $1,600. cio Sales Taxes Payable is understated by $1,600 (IV Sales Taxes Payable is overstated by $1,600 O A (i) and (m) O 8.00 and (iv) O E. () and Bli) and A Moving to another question will save this response. WR Question 13 of 29 Close Window