QUESTION 31 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? Debit Cash $82,680, credit Sales $78,000; credit Sales Taxes Payable $4680. Debit Sales Taxes Payable 54.680; debit Cash $73.220; credit Sales 578,000 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 $4680. Debit Accounts Receivable 582,680; credit Sales 578,000; credit Sales Taxes Payable $4680