Cantrell Company is required by law to collect and remit sales taxes to the state. If Controll has $7,500 of cash sales that are subject to an 7% sales tax what is the journal entry to record the cash sales? Multiple Choice Debit Cash $7,500 credit Sales $6,975; credit Sales Taxes Payable $525. Debit Sales Taxes Payable $525; debit Cash $6,975; credit Sales $7,500. Debit Cash $8,025; credit Sales $7,500 credit Sales Taxes Payable $525. Debit Cash $7,500 credit Sales 57.500, and record the taxes when paid Debit Accounts Receivable $8,025, credit Sales $7.500, credit Sales Taxes Payable $525