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thank you The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of operations Sales tax

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The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of operations Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month 1. Cash sales for November Year 1 were $65,500 plus sales tax of 6 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 $82,500, plus sales tax of 6 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 one shown next 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? Complete this question by entering your answers in the tabs below. Reg A Reg B Reg Cto Record the preceding transactions in general Journal form. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list A Cash sales for November Year 1 were $65,500, plus sales tax of 6 percent. > cent. B Topeca Supply paid the November sales tax to the state agency on December 10, Year 1. C Cash sales for December Year 1 were $82,500, plus sales tax of 6 percent. Credit Note : - Journal entry has been entered Record entry Clear entry View general journal Rag A Red Rog to Show the effect of the preceding transactions on a horizontal statements modet like the one shown next (Enter any decreases to account balance with am Cash Flow column, use the initial OA to designate operating activity, 1A for investing activity, FA cortinancing activity, or for not affected) Labtes ST Stockholders Equity Contmon Retained Income Statement Expenses Net Income Cash Flows Ravne 3 Req A Req 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 statement? C. d. Sales tax paid Sales tax collected Sales tax expense e

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