Monique is registered for sales tax purposes. She has recently received an invoice for goods for resale which cost $500 exclusive of sales tax 17.5%. What is the correct entry to be made in Monique's ledger account in respect of the invoice? Dr. Purchases $587, Cr. Sales tax $87 and Cr. Payables $500 Dr. Purchases $587 and Cr. Payables $587 Dr. Purchases $500 and Cr. Payables $500 Dr. Purchases $500, Dr. Sales tax $87 and Cr. Payables $587