1. Cash sales for November, Year 1 were $66,000 plus sales tax of 8 percent. 2. Topeca Supply paid the November sales tax to the state agency on December 10, Year 1. 3. Cash sales for December, Year 1 were $78,500 plus sales tax of 8 percent. Required a. Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. b. What was the total amount of sales tax paid in Year 1? c. What was the total amount of sales tax collected in Year 1? d. What is the amount of the sales tax liability as of December 31, Year 1? e. On which financial statement will the sales tax liability appear? Complete this question by entering your answers in the tabs below. Req A Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry.) Event 1. 2. 3. Assets Req B to E Cash = Liabilities + Sales Tax Payable TOPECA SUPPLY Horizontal Statements Model Stockholder's Equity Common Retained Stock Earnings Revenue + Statement of Cash Flows

1. Cash sales for November, Year 1 were $56,000 plus sales tax of 8 percent. 2. Topece Supply paid the November soles tax to the state ogency on December 10 , Year 1 3. Cash sales for December, Year 1 were 578,500 plus sales thx of 8 percent. Required a. Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate Whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the evert, leave the cell blank. b. What was the total amount of sales tax paid in Year 1 ? c. What was the total amount of sales tax collected in Year 1? d. What is the amount of the sales tax liability as of December 3t, Year 1 ? e. On which financial statement will the sales tax liability appear? Complete this question by entering your answers in the tabs below. Show the effect of the above transactions on a statements model ike the one shown as follows. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the ceil black. (Enter any decreases to acchurit balances and cash outhows with a minus sign. Not all cells wil require entry.) 1. Cash sales for November, Year 1 were $66,000 plus sales tax of 8 percent. 2. Topeca Supply paid the November sales tax to the state agency on December 10 , Year 1. 3. Cash sales for December, Year 1 were $78,500 plus sales tax of 8 percent. Required a. Show the effect of the above transactions on a statements model like the one shown as follows. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). If an element is not affected by the event, leave the cell blank. b. What was the total amount of sales tax poid in Year 1 ? c. What was the total amount of sales tax collected in Year 1? d. What is the amount of the sales tax liability as of December 31 , Year 1 ? e. On which financial statement will the sales tax liability appear? Complete this question by entering your answers in the tabs below. b. What was the total amount of sales tax paid in Year 1 ? c. What was the total amount of soles tax collected in Year 1? d. What is the amount of the sales tax liability as of December 31, Year 1? e. On which financial statement will the sales tax liability appear