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  3. which of the following represents the impact of a

Which of the following represents the impact of a taxable cash sale of $1,050on the...

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Accounting

Which of the following represents the impact of a taxable cash sale of $1,050on the accounting equation if the sales tax rate is4%?
Multiple Choice
An increase to cash for $1,092,an increase to sales tax expense for $42, and an increase to sales revenue for $1,050.
An increase to cash for $1,050,an increase to sales tax payable for $42, and an increase to sales revenue for $1,008.
An increase to cash for $1,092,an increase to sales tax payable for $42, and an increase to sales revenue for $1,050.
None of these answer choices is correct.
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