Compute sales taxes payable.

Sales taxes payable

eTextbook and Media

List of Accounts

Attempts: $2$ of $3$ used

$($a$2)$

Make the entry to record sales taxes payable and sales. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Mar. $16$

Concord supply does not segregate sales and sales taxes at the time of sale. The resgister total for march $26$ is $$9,416.$ All sales are subject to a $7\%$ sales tax.