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Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $8,500 of cash sales that are subject

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Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $8,500 of cash sales that are subject to an 7% sales tax, what is the journal entry to record the cash sales? Multiple Choice O Debit Accounts Receivable $9095.creat Sales $8.500 credit Sales Tees Payable $595 O De Cash 58.500 creat Sale $7905. cred Sales Tes Payable $595 O Debt Cash $8.500 credit Sales SR 500, and record that when paid O Debit Cash 90 Credit Sale $ 500 cent Sales Taxes Peytile $595 Debit Sales Tees Payable $596, debt Cash $7.905. credit 8 500

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