During the month of June, Concord Boutique recorded cash sales of $$334,910$ and credit sales of $$117,058,$ both of which include the

$7\%$ sales tax that must be remitted to the state by July $15.$

Prepare the adjusting entry that should be recorded to fairly present the June $30$ financial statements. $($If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not

indent manually. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

June $30$