Listed below are selected transactions of Concord Department Store for the current year ending December 31. 1. On December 5, the store received $ 460from the Selig Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15. 2. During December, cash sales totaled $ 808,500, which includes the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. 3. On December 10, the store purchased for cash three delivery trucks for $ 108,700. The trucks were purchased in a state that applies a 5% sales tax. a 4. The store determined it will cost $ 105,500to restore the area (considered a land improvement) surrounding one of its store parking lots, when the store is closed in 2 years. Concord estimates the fair value of the obligation at December 31 is $ 88,100. bilities Question 2 of 8 > - / 15 Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts