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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

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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 S 105 Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 16 Cash Sales Revenue Sales Taxes Payable Debit 16050 Credit 15945 105

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