Herb sells office equipment for $1,000 cash. The applicable…

Herb sells office equipment for $1,000 cash. The applicable sales tax rate is 7%. Herb uses a periodic inventory system. Which of the following journal entries to record this sale is correct?   Accounts Debit Credit A Equipment $1,070                  Sales Revenue   $1,000                Sales Tax Payable   $70 B Cash $1,070                  Sales Revenue   $1,070 C Cash $1,070                   Sales Tax Payable   $1,070 D Cash $1,070                  Sales Revenue   $1,000                Sales Tax Payable   $70