Tesco Grocery rings up total receipts of 836,400. The amount received from the sale is equal to the sales price 100% plus 4% of sales, (sales tax rate of 4%), the journal entry is: 1. The following entry should be recorded for the above transaction: A Cash 36,400 Sales Revenues 36,400 B. Cash 35,000 Sales Tax Payable 1400 Sales Revenues 36,400 C Cash 36,400 Sales Tax Paynble 1400 Sales Revenue 35,000 D. None of the above 2. When the due amount is remitted to the income and sales tax department, the debit side of the entry that should be recorded by Tesco Grocery is: A Cash 1400 B. Cash 35,000 C. Sales Tax Payable 35,000 D. Sales Tax Payable 1,400