Blah Inc. is a retail clothing store operating in a state with a 7% retail...
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Accounting
Blah Inc. is a retail clothing store operating in a state with a 7% retail sales tax. the retailer may keep 2% of the sales tax collected. Blah Inc. records the sales tax in the Sales Revenue Account. The amount recorded in the Sales revenue Account during May was $754,350.
The amount of sales taxes payable (nearest dollar) to the state for the month of May is...
a 37,719
b 48,363
c 51,750
d 62,286
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