During the month of June, Sandhill Boutique recorded cash sales of $280,900 and credit sales of $160,802, both of which include the 6% 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 O for the amounts. Credit occount titles are outomatically indented when amount is entered. Do not indent manually, List all debit entries before credit entries.)