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cal Help Save & Exit Submit Test #3-multiple choice portion 0 Cantrell Company is required by law to collect and remit sales taxes to the

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cal Help Save & Exit Submit Test #3-multiple choice portion 0 Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $4,500 of cash sales that are subject to an 6% sales tax, what is the journal entry to record the cash sales? Multiple Choice Debit Cash $4,500, credit Sales $A.230, credit Sales Taxes Payable $270 Debit Accounts Recevable $4,770, credit Sales $4.500, credit Sales Taxes Payable $270 0 Debit Cash $4,500, credit Sales $4,500, and record the taxes when paid Debit Cash $4,770credit Sales $4,500, credit Sales Taxes Payable $270 Debit Sales Taxes Payable $270, debit Cash $4230, credit Sales $4,500

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