Al's Bookstore has collected $750 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will Al's Bookstore make to show the April remittance?
A) Sales Tax Expense 750 Cash 750
B) Sales Taxes Payable 750 Cash 750
C) Sales Tax Expense 750 Sales Taxes Payable 750
D) No entry required.
Correct Answer:
Verified
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