Loong Industries Collected $17,350 of Sales Tax on Sales to Customers

Multiple Choice

Loong Industries collected $17,350 of sales tax on sales to customers during the month of March. When Loong remits these collections to the government in early April, the correct journal entry will be:

A) Debit Sales $17,350; credit Cash $17,350.
B) Debit Accounts Payable $17,350; credit Cash $17,350.
C) Debit Sales $17,350; credit Sales Taxes Payable $17,350.
D) Debit Sales Taxes Payable $17,350; credit Sales $17,350.
E) Debit Sales Taxes Payable $17,350; credit Cash $17,350.