Multiple Choice Question 97 Bramble Surplus made cash sales during the month of October of $392000. The sales are subject to a 5% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? Credit Sales Revenue for $ 364483. Credit Sales Taxes Payable for $ 18490. Credit Sales Taxes Payable for $ 19600. Debit Accounts Receivable for $ 392000. Multiple Choice Question 142 Vaughn Manufacturing sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or three-year period. Cash receipts from contracts are credited to unearned service contract revenues. This account had a balance of $965000 at December 31, 2016 before year-end adjustment. Service contract costs are charged as incurred to the service contract expense account, which had a balance of $240000 at December 31, 2016. Outstanding service contracts at December 31, 2016 expire as follows: During 2017 During 2018 During 2019 $195000 $318000 $142000 What amount should be reported as unearned service contract revenues in Vaughn's December 31, 2016 balance sheet? $ 655000. $ 435000. $ 485000. $ 725000