Question 6 2.5 pts All of the following statements about sales taxes are correct EXCEPT Sales taxes collected from customers should be reported as an expense on the seller's income statement Many companies credit sales taxes collected to the sales revenue account during the year then separate the amount of sales tax payable from sales revenue at the end of the year. Sales taxes collected from customers should be reported as a current liability on the seller's balance sheet. Sales taxes are collected from customers and submitted to the appropriate governmental authority. Question 7 2.5 pts Bonds that mature in installments are called serial bonds callable bonds O registered bonds term bonds