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Req A Req B Req C to E Show the effect of the preceding transactions in a horizontal statements model. (Enter any decreases to account
Req A Req B Req C to E Show the effect of the preceding transactions in a horizontal statements model. (Enter any decreases to account balances with a minus sign. In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, or leave blank for not affected.) TOPECA SUPPLY Assets = + Income Statement Horizontal Statements Model Stockholders' Equity Common Retained Revenue Stock Earnings Liabilities Sales Tax Payable Event Statement of Cash Flows Cash + Expenses Net Income 1. + + 2. + 3. + + Complete this question by entering your answers in the tabs below. Req A Req B Req C to E c. What was the total amount of sales tax paid 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? c. Sales tax paid d. Sales tax collected e. Sales tax expense
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