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Sales Tax A sale of merchandise on account for $14,500 is subject to a 7% sales tax (a) Should the sales tax be recorded at
Sales Tax A sale of merchandise on account for $14,500 is subject to a 7% 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? If required, round your answers to the nearest cent. $ (d) What is the account to which the $1,015.00 is credited
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