Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $10,500 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales? Multiple Choice O Debit Sales Taxes Payable $840; debit Cash $9,660; credit Sales $10,500. Debit Cash $10,500; credit Sales $9,660; credit Sales Taxes Payable $840. Debit Cash $11,340; credit Sales $10,500; credit Sales Taxes Payable $840. o Debit Accounts Receivable $11,340; credit Sales $10,500; credit Sales Taxes Payable $840. o o Debit Cash $10,500; credit Sales $10,500; and record the taxes when paid