Two competing advertising agencies provide similar services, but record sales using different methods.
1. Diversified Advertising records sales and sales taxes in separate accounts. For the month of March, sales total $10,000 and sales taxes are $600.
2. Centralized Advertising records sales and sales taxes together. For the month of March, sales total $5,300, including a 6% sales tax.
Record sales revenue and the related sales tax payable for (1) Diversified Advertising and (2) Centralized Advertising.

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The Answer of Two competing advertising agencies provide similar services, but record sales using different methods.
1. Diversified Advertising records sales and sales taxes in separate accounts. For the month of March, sales total $10,000 and sales taxes are $600.
2. Centralized Advertising records sales and sales taxes together. For the month of March, sales total $5,300, including a 6% sales tax.
Record sales revenue and the related sales tax payable for (1) Diversified Advertising and (2) Centralized Advertising.

Two Competing Advertising Agencies Provide Similar Services, but Record Sales