Final answer:
To find the amount that will be credited to Sales revenue, we need to calculate the total sales revenue after accounting for the state sales tax. First, we convert the sales tax rate from a percentage to a decimal by dividing it by 100. Next, we multiply the sales amount by the sales tax rate to find the amount of sales tax that needs to be deducted. Finally, subtracting the sales tax amount from the sales amount gives us the amount that will be credited to Sales revenue.
Step-by-step explanation:
To find the amount that will be credited to Sales revenue, we need to calculate the total sales revenue after accounting for the state sales tax.
First, we convert the sales tax rate from a percentage to a decimal by dividing it by 100. So, the sales tax rate is 0.07.
Next, we multiply the sales amount by the sales tax rate to find the amount of sales tax that needs to be deducted. $6,758 (sales amount) x 0.07 (sales tax rate) = $473.06 (sales tax amount).
To calculate the amount that will be credited to Sales revenue, we subtract the sales tax amount from the sales amount. $6,758 (sales amount) - $473.06 (sales tax amount) = $6,284.94
Therefore, $6,284.94 will be credited to Sales revenue.