If a 6% sales tax is recorded together with sales revenue in the sales account and the balance at the end of the month is $5,300, how much sales tax is payable?
A) $600
B) $280
C) $318
D) $300
Answer: D
Accounting MCQ
Accounting
If a 6% sales tax is recorded together with sales revenue in the sales account and the balance at the end of the month is $5,300, how much sales tax is payable?
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