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fequired information Exercise 9.4A (Algo) Recognixing sales tax payable LO 9.2 (The following information applies to the questions displayed below) The following selected transactions apply

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fequired information Exercise 9.4A (Algo) Recognixing sales tax payable LO 9.2 (The following information applies to the questions displayed below) The following selected transactions apply to Topeca Supply for November and December Year 1 . November was the first month of operntions. Sales tax is collected of the time of sole but is not paid to the state soles tax agency until the following menth. 1. Cosh soles for November Year 1 were $66,000 plus sales tax of 10 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 soles tax of 10 percent. Exercise 9-4A (Algo) Part a Aequired n. Record the effect of the given transactions in a horizontal statements model. Note: in the Cosh Flow column, use the initials "OA" for operating activities, "FA" for financing activities, and "IA" for investing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input

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