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Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $8,025. All Sales are

Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $8,025. All Sales are subject to a 7% sales tax.

Compute the Sales Tax Payable $ ______

Make the entry to record sales taxes payable and sales.

Date Account titles and Explanation Debit Credit

Mar. 16 Cash ?

Sales Revenue ?

Sales Taxes Payable ?

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