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Mayse Company is required by law to collect and send sales taxes to the state. If Mayse has $$3,000$ of cash sales that are subject to an $8\%$ sales tax, what is the journal entry to record the cash sales?

Multiple Choice

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Debit Sales Taxes Payable $$240$; debit Cash $$2,760$; credit Sales $$3,000.$

Debit Cash $$3,240$; credit Sales $$3,000$; credit Sales Taxes Payable $$240$

Debit Cash $$3,000$; credit Sales $$3,000$; and record the taxes when paid.

Debit Cash $$3,000$; credit Sales $$2,760$; credit Sales Taxes Payable $$240.$

Debit Accounts Recelvable $$3,240$; credit Sales $$3,000$; credit Sales Taxes Payable $$240.$

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