Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $7,000 of cash sale cash sales? Multiple Choice Debit Cash $7420, credit Sales 57,000 credit Sales Taxes Payable $420 Debit Accounts Receivable $7,420, credit Sales $7,000 credit Sales Taxes Payable $420 Debt Cash $7,000 credit Sales 57,000, and record the taxes when paid, Debit Sales Taxes Payable $420, debit Cash 56,580, credit Sales $7000 Debit Cash $7000, credit Sales 56.580. credit Sales Taxes Payable $420