Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $12,500 of cash sales that are subject to an 10% sales tax, what is the journal entry to record the cash sales? Multiple Choice Debit Accounts Receivable $13,750; credit Sales $12,500; credit Sales Taxes Payable $1,250. Debit Cash $13,750; credit Sales $12,500; credit Sales Taxes Payable $1,250. Debit Sales Taxes Payable $1,250; debit Cash $11,250; credit Sales $12,500. Debit Cash $12,500; credit Sales $12,500; and record the taxes when paid. Debit Cash $12,500; credit Sales $11,250; credit Sales Taxes Payable $1,250