Sales Tax Transactions Ilustrate the effects on the accounts and financial statements of recording the following selected the corresponding number entry box blank. Enter account decreases, cash outflows, and the cost of merchandise sold as negative amounts. transactions. If no account or activity is affected, select "No effect from the dropdown list and leav a. sold $11,250 of merchandise on account, subject to a sales tax of 6%. The cost of the merchandise sold was ss,so. | Statement of Balance Sheet Income Cash Flows Llabilities Stockholders Equity Select + Select Select Select Statement of Cash Flows Income Statement Select Select Select Select b. Paid $63,120 to the state sales tax department for taxes collected. Dalance Sheet Statement of Statement Cash Flows utiesStockholders' Equity Assets Select 4Select Select Iacome Statement Statement of Cash Flows Select Select Select Select 23 MacBook A