Bridgeport Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 Is $9,180. All sales are subject to a 8% sales tax Compute sales taxes payable. Sales taxes payable $ Prepare a tabular summary to record sales taxes payable and sales. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, pla particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings = Sales Taxes Payable + Common Stock + Cash Revenue Expense Dividend Mar. 16 Sales revenue