You made a $1,000 taxable sale in Michigan. The applicable sales tax rate is 6%. Based on this information, prepare the entry to record the sale (match the account and amount that is debited and credited). (The correct entry involves three accounts. This problem only asks about two of those three accounts).

Question 7 options:

	Credit
	Debit

1.	Sales $1,060
2.	Sales $1,000
3.	Sales $940
4.	Cash $1,060
5.	Cash $1,000
6.	Cash $940