Exercise 9-4A Recognizing sales tax payable LO 9-2 The following selected transactions apply to Topeca Supply for November and December Year 1 first month of operations. Sales tax is collected at the time of sale but is not paid to the state sale the following month. 1. Cash sales for November Year 1 were $66,000. plus sales tax of 8 percent 2 Topeca Supply pald the November sales tax to the state agency on December 10. Year 1. 3. Cash sales for December Year 1 were $83.000, plus sales tax of 8 percent Required a Record the preceding transactions in general Journal form. b. Show the effect of the preceding transactions on a horizontal statements model like the ones c. What was the total amount of sales tax pald In Year 1? d. What was the total amount of sales tax collected In Year 1? e. What amount of sales tax expense will be reported on the Year 1 Income statement? Complete this question by entering your answers in the tabs below. Reg Reg Clo Record the preceding transactions in general journal form. (If no entry is required for a transactions required" in the first account field.) View transaction et Journal entry worksheet B C Req A Reg B Reg C to E Record the preceding transactions in general journal form. (If no entry is required for a transaction/event, sel. required" in the first account field.) View transaction ist Journal entry worksheet A B Cash sales for November Year 1 were $66,000, plus sales tax of 8 percent. EENedebit before credits Event General Journal Debit Credit Record entry Clear estry View general jou Req) Required a. Record the preceding transactions in general Journal form. b. Show the effect of the preceding transactions on a horizontal statements model like the one shown next What was the total amount of sales tax pald In Year 1? d. What was the total amount of sales tax collected in Year 1? e. What amount of sales tax expense will be reported on the Year 1 Income statement? Complete this question by entering your answers in the tabs below. Reg Reg B Reqc to E Show the effect of the preceding transactions on a horizontal statements model like the one shown next. (Enter any decre Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity or Assets + Income Statement Event Cash Liabilities Sales Tax Payable Stockholder's Equity Common Retained Stock Earnings Revenue Cash F Expenses Net Income 2 3. + Complete this question by entering your answers in the tabs below. Req A Reg B Req C to E What was the total amount of sales tax paid in Year 1? What was the total amount of sales tax collected in Year 1? What amount of sales tax expense will be reported on the Year 1 income sta o Sales tax paid Sales tax collected Sales tax expense GAGA d. 5,160 13,410 7,470 S ID Ben