Y Auto Parts On 010121 X Auto Parts store sells an auto part to Y Auto Parts store for $500 cash Y Auto Parts store has a customer who ordered this part and is burying it for his car. The sales tax in the area is 8% What is the joumal entry and other information (if any) X Auto Parts enters in its accounting records to record this sale to O a Debit cash $500 credit sales $500. Also, X Auto Parts store must record the sales tax ID number of Y Auto Parts store as the purchaser of the auto part Ob Debit cath $S40 credit ales $500, credit sales tax payable 540 Also X Auto Parts store must record the sales tax ID number of Y Auto Parts store as the purchase of the auto part None of the other choices are correct Debit cash 5540, credit sales 5540. Also, X Auto Parts store need not record the sales tax ID number of Y Auto Parts store as the purchase of the auto part O Debit cash $540, credit sales $500 credit sales tax payable $40 X Auto Parts store need not record the sales tax ID number of Y Auto Parts atore as the purchase of the auto part