Crane Company had sales of $86,238 (including taxes) for the month of June. Sales are subject to 8.00% sales tax.

Crane Company had cash sales of $86,238 (including taxes) for the month of June. Sales are subject to 8.00% sales tax. Prepare the entry to record the sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit 86238 Debit Cash Sales Revenue Sales Taxes Payable