We 12/assessment-player/ News Translate 5 Introduction to Ph ::: Apps M Gmail Youtube Maps Ch 10: HW2 Question 5 of 6 -/ 15 View Policies Current Attempt in Progress Wildhorse Co. Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $16,050. All sales are subject to a 7% sales tax. Compute sales taxes payable. Sales taxes payable $ Make the entry to record sales taxes payable and sales. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Debit Date Account Titles and Explanation Cash Mar. 16 Sales Revenue Sales Taxes Payable eTextbook and Media List of Accounts Book Air Question 6 of 6 -/1 CS. Cullumber Company had the following transactions involving notes payable July 1, 2022 Nov. 1, 2022 Dec 31, 2022 Feb 1, 2023 Apr. 1.2023 Borrows $38,000 from First National Bank by signing a 9-month, 8% note, Borrows $41,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries Pays principal and interest to Lyon County State Bank Pays principal and interest to First National Bank Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Recordjoumal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit July 1, 2022 Cash Notes Payable November 1, 2022 Cash Notes Payable December 31, 2022 Interest Expense Interest Payable (To record accrual of interest from First National Bank) Interest Expense December 31, 2023 Interest Payable MacBook Air Question 6 of 6 -/1 December 31, 2020 Interest Expense Interest Payable (To record accrual of interest from Lyon County State Bank) February 1, 2023 Notes Payable Interest Expense Interest Payable Cach April 1, 2023 Notes Payable Interest Expense Interest Payable Cash Textbook and Media List of Accounts Attempts:0 of 3 used Submit Anwar Save for later Last saved 36 minutes ago Saved work will be auto-submitted on the due date MacBook Air