Brief Exercise 8-3 Monty Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $13,375. All sales are subject to a 7% sales tax. Compute sales taxes payable. Sales taxes payable s Prepare a tabular summary to record sales taxes payable and sales. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets - Liabilities Stockholders' Equity Retained Earnings Cash - Sales Taxes Payable + Common Stock+ Revenue Expense Dividend Mar. 16 Sales revenue Click if you would like to Show Work for this question: Open Show Work