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Sales Tax A sale of merchandise on account for $11,900 is subject to a 5% sales tax. (a) Should the sales tax be recorded at

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Sales Tax A sale of merchandise on account for $11,900 is subject to a 5% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount credited to sales? $ (C) What is the amount debited to Accounts Receivable? $ (d) What is the account to which the $595.00 is credited? Sales Tax A sale of merchandise on account for $11,900 is subject to a 5% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount credited to sales? (c) What is the amount debited to Accounts Receivable? (d) What is the account to which the $595.00 is credited? Accounts Payable Fees Earned Sales Tax Expense Sales Tax Payable

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