Hibbett Company does not segregate sales and sales taxes on its cash register. Its register total for the month is $312,700, which includes a 6% sales tax. Compute sales taxes payable, and make the entry to record sales and sales taxes payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)