Question 1 10 pts On October 5th XYZ company sells $500 worth of merchandise to one of its customers. The state/local sales tax rate in their area requires them to collect 10% sales tax on all products sold. Prepare the journal entry at the time of the sale and the journal entry on November 15th to pay the state/local taxing authorities the sales tax collected during the prior month. ACCOUNT DEBIT CREDIT Select] Select) Select) (Select) Select] [Select)