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Crane, Inc. operates a gas station and offers gas at $2.97 per gallon if a customer pays cash and $3.00 per gallon if a customer

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Crane, Inc. operates a gas station and offers gas at $2.97 per gallon if a customer pays cash and $3.00 per gallon if a customer pays using o credit card. Crane sold $20000 gallons at $2.97 per gallon during May In addition, sales tax is 7%, which was $520000 for May. Crane's journal entry to record sales for May will include a debit to Sales Taxes Payable for $520000 a debit to Cash for $8320000 a credit to Sales Revenue for $1560000 a credit to Sales Taxes Payable $520000

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