Sales taxes at the time of sale

Reference no: EM13128997

Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable and sales. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

Reference no: EM13128997

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