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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

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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 unti the following month 1. Cash sales for November, Year 1 were $65,500 plus sales tax of 9 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 $82,000 plus sales tax of 9 percent Required a. Show the effect of the above transactions on a statements model like the one shown as follows. In the cash Fiow.column indicate whether the item is an operating activity (OA), an investing activity (A), or a financing activity (FA) Ifan element is not affected by the event, leave the cell blank b. What was the total amount of sales tax paid in Year 12 c. What was the total amount of sales tax collected in Year 12 d. What is the amount of the sales tax liability as of December 31, Year 1? e. On which financial statement will the sales tax liability appear

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