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.

Cash sales for November Year $1$ were $$65,500$ plus sales tax of $7$ percent.

Topeca Supply paid the November sales tax to the state agency on December $10,$ Year $1.$

Cash sales for December Year $1$ were $$80,500$ plus sales tax of $7$ percent.

Required

a$.$ Record the effect of the given transactions in a horizontal statements model.