QUESTION 23 Which of the following accounts is credited by the seller when tax is collected on retail sales? A) Accounts Payable B) Payroll Tax C) Sales Tax Payable D) Unearned Revenue QUESTION 24 Mars Company had cash sales of $10,000. The state sales tax rate is 10.8%. What amount is debited to the Cash account? A) $10,000 B) $11,080 C) $1080 D) $1000 QUESTION 25 Barron Company sold goods for $883,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state? A) $79,515 B) $39,758 C) $19,879 D) $159,030