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Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $78,000 of cash sales that are

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Furniture World is required by law to collect and remit sales taxes to the state. If Furniture World has $78,000 of cash sales that are subject to a 6% sales tax, what is the journal entry to record the cash sales? Multiple Choice Debit Cash $82,680, credit Sales $78,000; credit Sales Taxes Payable $4,680. O Debit Sales Taxes Payable $4,680; debit Cash $73,220, credit Sales $78,000. O Debit Cash $78,000, credit Sales $78,000, and record the taxes when paid. O Debit Cash $78,000; credit Sales $73,320; credit Sales Taxes Payable $4,680. O O Debit Accounts Receivable $82,680, credit Sales $78,000; credit Sales Taxes Payable $4,680

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