To indicate that the column totals of the sales journal have been posted, a check mark is entered: Multiple Choice above the column. under the column total. directly on top of the column total. within the top row of the column. The balance of the Sales Returns and Allowances account is subtracted from the balance of which account within the financial statements? Multiple Choice Sales Accounts Recelvable Accounts Payable Sales Tax Payable Merchandise is sold on credit for $300 plus 6 percent sales tax. The entry in the sales journal will include a debit to Accounts Recelvable for: Multiple Choice $318.00 $300,00. $304.50, $305.50 In May, a retailer recorded credit sales of $16,500. Assuming the sales tax rate is 6 percent, the entry to record the sales in the sales journal would include: Multiple Choice a credit to Accounts Receivoble of $17.490. a debit to Accounts Receivable of $17,490. a credit to Sales of $17,490. a debir to Sales Tax Payable of $990. The Sales Returns and Allowances account is presented: Multiple Choice on the balance sheet as a deduction from Accounts Receivable. on the income statement as an addition to Sales. on the income statement as a deduction from Sales. on the balance sheet as a deduction from Capital