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During the month of June, Pearl Boutique recorded cash sales of $303,160 and credit sales of $111,936, both of which include the 6% sales tax

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During the month of June, Pearl Boutique recorded cash sales of $303,160 and credit sales of $111,936, both of which include the 6% sales tax that must be remit to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 30 financlal 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 creditentries)

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