view - Chapters 8,9 & 11 Help Save & EX Check my Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $10,500 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales? Multiple Choice O Debit Cash $10,500, credit Sales $9,660; credit Sales Taxes Payable $840. O Debit Cash $10.500, credit Sales $10.500; and record the taxes when paid. 2 Debit Accounts Receivable $11.340: creo Sales 10,500: credit Sales Taxes Payable $840. o Debit Cash $11.340: credit Sales $10.500, creat Sales Taxes Payable 5840