Which of the following represents the correct journal entry to record a taxable cash sale of $1,120 if the sales tax rate is 5% ? Multiple Choice A debit to cash for $1,120, a credit to sales tax payable for $56, and a credit to sales revenue for $1,064. None of these answer choices are correct. A debit to cash for $1,176, a credit to sales tax payable for $56, and a credit to sales revenue for $1,120 A debit to cash for $1,176, a debit to sales tax expense for $56, and a credit to sales revenue for $1,120