Oct 31: Recorded cash sales for the month of $155,000 plus sales tax of 7%. The cost of the goods sold as S93 000 and estimated warranty payable was 7%. Record the sale first. Do not record the cost of the sale or the estimated warranty payable. We will do this in the following steps Debit Credit 165,850 Date Accounts and Explanation Oct 31 Cash Sales Revenue 155,000 Sales Tax Payable 10,850 Record the cost of the sale