What are the accounting entries required to record the purchase of goods for resale on credit with a gross invoice value of $$1,541$ which is inclusive of sales tax at the

rate of $15\%?$ The business is registered to account for sales tax.

Debit Purchases $$1,340,$ Debit Sales tax $$201,$ and Credit Trade Payables $$1,541$

Debit Purchases $$1,772\mathrm{.}15,$ Credit Sales tax $$231\mathrm{.}15$ and Credit Trade Payables $$1,541$

Debit Purchases $$1,309\mathrm{.}85,$ Debit Sales tax $$231\mathrm{.}15,$ and Credit Trade Payables $$1,541$

Debit Purchases $$1,541,$ Debit Sales tax $$231\mathrm{.}15,$ and Credit Trade Payables $$1,772\mathrm{.}15$

$83$ points

Laker, a credit customer, returned goods to Streamer that had a net value of $$200.$

What entries are required by Streamer to record this transaction if transactions are subject to sales tax at $17\mathrm{.}5\%?$

Dr$.$ Purchase $$200,$ Dr$.$ Sales Tax $$35$ and Cr$.$ Account Receivables $$235$

Dr$.$ Sales $$235,$ Cr$.$ Sales Tax $$35$ and Cr$.$ Account Receivables $$200$

Dr$.$ Account Receivables $$235$; Cr$.$ Sales $$200$ and Cr$.$ Sales Tax $$35$

Dr$.$ Sales $$200,$ Dr$.$ Sales Tax $$35$ and Cr$.$ Account Receivables $$235$