Company X made credit sales of $10,000 that are subject to 5% sales tax. Record the journal entry.

Group of answer choices

Accounts Receivable $10,500 Sales Revenue $10,000 Sales Tax Payable $500

Accounts Receivable $10,000 Sales Revenue $9,500 Sales Tax Payable $500

Accounts Receivable $10,476 Sales Revenue $10,000 Sales Tax Payable $476

Accounts Receivable $10,000 Sales Revenue $9,524 Sales Tax Payable $476