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Furniture World is required by law to collect and send sales taxes to the state. If Furniture World has $ 9 5 , 0 0

Furniture World is required by law to collect and send sales taxes to the state. If Furniture World has $95,000 of cash sales that are subject to a 5% sales tax, what is the journal entry to record the cash sales?
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Debit Accounts Receivable $99,750; credit Sales $95,000; credit Sales Taxes Payable $4,750.
Debit Cash $95,000; credit Sales $95,000; and record the taxes when paid.
Debit Cash $99,750; credit Sales $95,000; credit Sales Taxes Payable $4,750.
Debit Cash $95,000; credit Sales $90,250; credit Sales Taxes Payable $4,750.
Debit Sales Taxes Payable $4,750; debit Cash $90,250; credit Sales $95,000.
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