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Brief Exercise 11-3

Brief Exercise 11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $34,100. All sales are subject to a10% sales tax. Warning Don't show me this message again for the assignment Ok Cancel

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Compute sales taxes payable.

Sales taxes payable

$

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Make the entry to record sales taxes payable and sales revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 16	Cash	34,100
Sales Revenue
Sales Taxes Payable

Brief Exercise 11-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $34,100. All sales are subject to a 10% sales tax. Don't show me this message again for the assignment Your answer is incorrect. Try again