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What was the total sales tax pd to regulatory authorities

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Reference no: EM132548592

The following info relates to Eva Co's sales tax for the month of March 20X3.

Sales (including sales tax). $109, 250

Purchases (net of sales tax?). $64,000

Sales tax is charged at a flat rate of 15%. Eva Co's sales tax account showed an opening credit balance of $4,540 at the beginning of the month and a closing debit balance of $2,720 at the end of the month.

Question 1: What was the total sales tax pd to regulatory authorities during the month of March, 20X3?

Option A. $6,470.00

Option B. $11,910.00

Option C. $14,047.50

Option D. $13,162.17

Reference no: EM132548592

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