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Brief Exercise 10-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is

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Brief Exercise 10-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $53,768. All sales are subject to a 4% sales tax. Compute sales taxes payable Sales taxes payable SHOW LIST OF ACCOUNTS Make the entry to record sales taxes payable and sales revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation Debit Credit Date Mar. 16

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