Al's Bookstore has collected $950 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will Al's Bookstore make to show the April remittance? 
Definitions:
Term Deposits
Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.
Simple Interest
Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.
Equivalent
Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.
Per Annum
A Latin term meaning "per year," often used in financial contexts to describe rates or amounts calculated over a yearly basis.
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