Acompany receives $348, of which $28 is for sales tax. the journal entry to record the sale would include a
1. debit to sales taxes payable for $28.
2. debit to sales revenue for $348.
3. debit to cash for $348.
4. debit to sales taxes expense for $28.

3) debit to Cash for $348.

Explanation:

The complete journal entries should be:

Dr Cash account 348

Cr Sales Revenue account 320

Cr Sales Taxes Payable account 28

Cash is an asset account and it increases, so it should be debited.

Sales revenue is a revenue account and it increases, so it should be credited.

Sales taxes payable is a liability and it increases, so it should be credited.

In an effective OBM company, communication is in all direction, not the conventional up, down or sideways.  It is focused on improving the company economics.  And as my partner, John Case says, (the individual who coined the phrase open-book management, implementation should start with a focus on improving the company economics, not sharing financials.

Explanation:

These Forbes and Harvard Business Review articles provide more background:  

https://hbr.org/2018/01/more-than-a-paycheck  http://www.forbes.com/sites/fotschcase/2016/05/31/engage-your-employees-in-making-money/