Maple Street Bookstore Has Collected $1500 in Sales Taxes During $\begin{array}{lrr} \text { Sales Taxes Payable } &1,500\\ \text { Cash } &&1,500\\\end{array}$

Short Answer

Maple Street Bookstore has collected $1500 in sales taxes during April. If sales taxes must be remitted to the state government monthly what entry will Maple Street Bookstore make to show the April remittance? a.
$\begin{array}{lrr} \text { Sales Taxes Payable } &1,500\\ \text { Cash } &&1,500\\\end{array}$

b.
$\begin{array}{lrr} \text { Sales Tax Expense } &1,500\\ \text { Cash } &&1,500\\\end{array}$

c.
$\begin{array}{lrr} \text { Sales Tax Expense } &1,500\\ \text { Sales Taxes Payable } &&1,500\\\end{array}$

d. $\text {No entry required.}$