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Time Left:1:06:07 Kennedy Jones: Attempt 1 Previous Page Next Page Page 3 of 40 Question 3 (2.5 points) Crystal Company is required by law to

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Time Left:1:06:07 Kennedy Jones: Attempt 1 Previous Page Next Page Page 3 of 40 Question 3 (2.5 points) Crystal Company is required by law to collect and remit sales taxes to the state. If Crystal has $6500 of cash sales that are subject to an 9% sales tax, what is the journal entry to record the cash sales? O A) Debit Cash $7085; credit Sales $6500; credit Sales Taxes Payable $585. O B) Debit Cash $6500; credit Sales $5915: credit Sales Taxes Payable $585. c) Debit Accounts Receivable $7085: credit Sales $6500; credit Sales Taxes Payable $585. O D) Debit Cash $6500; credit Sales $6500; and record the taxes when paid. E) Debit Sales Taxes Payable $585; debit Cash $5915; credit Sales $6500. Previous Page Next Page Page 3 of 40

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