Answer:
Sales revenue is $5,400
Sales tax payable is $324
Explanation:
The computation of the sales revenue is shown below:
= Total cash received by the company ÷ ( 1 + sales tax rate)
= $5,724 ÷ ( 1 + 6%)
= $5,724 ÷ 1.06
= $5,400
Now the sales tax payable would be
= Total cash received by the company - sales revenue
= $5,724 - $5,400
= $324
Simply we find the sales revenue by considering the sales tax rate and the difference of cash received and sales revenue represent the sales tax payable amount
