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During the first quarter, the company registered sales. None of these transactions include the sales tax of 6%. (4 points) October $61,000 November $70,000 December

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During the first quarter, the company registered sales. None of these transactions include the sales tax of 6%. (4 points) October $61,000 November $70,000 December $84,000 12. Son October the company registered sales and tax how this event will affect the accounting equation (Financial a) Increase Cash by $64,660, increase Sales Tax Payable by $3,660, and increase Retained Earnings by $61,000. Increase Sales Revenue and increase Net Income by $61,000. The cash flow will be affected by $64,660 inflow. b) Increase Cash by $61,336, increase Sales Tax Payable by $366, and increase Retained Earnings by $61,000. Increase Sales Revenue and increase Net Income by $61,000 The cash flow will be affected by $61,336 inflow. c) Increase Cash and increase Retained Earnings by $61,000. Increase Sales Revenue and increase Net Income by $61,000. The cash flow will be affected by $61,000 Inflow. You MUST show your calculations: (4 points) 13. On November the company registered sales and tax, how this event will affect the accounting equation (Financial Statements-horizontal)? a) Increase Cash by $74,200, increase Sales Tax Payable by $4,200, and increase Retained Earnings by $70,000. Increase Sales Revenue and increase Net Income by $70,000. The cash flow will be affected by $74,200 inflow. b) Increase Cash by $74,420, increase Sales Tax Payable by $420, and increase Retained Earnings by $70,000. Increase Sales Revenue and increase Net Income by $70,000. The cash flow will be affected by $74,420 inflow. c) Increase Cash and increase Retained Earnings by $74,200. Increase Sales Revenue and increase Net Income by $74,200. The cash flow will be affected by $74,200 inflow. You MUST show your calculations: (4 points) 14. On December the company registered sales and tax how this event will affect the accounting equation (Financial a) Increase Cash by $89,040, increase Sales Tax Payable by $5,000, and increase Retained Earnings by $34,000. Increase Sales Revenue and increase Net Income by $84,000. The cash flow will be affected by $89,040 inflow. b) Increase Cash by $89,400, increase Sales Tax Payable by $5,400, and increase Retained Earnings by $34,000. Increase Sales Revenue and increase Net Income by $84,000. The cash flow will be affected by $89,400 inflow. c) Increase Cash and increase Retained Earnings by $89,400. Increase Sales Revenue and increase Net Income The cash flow will be affected by $89.400 inflow. $89,400

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