Che The following selected transactions apply to Topeca Supply for November and December Year 1....
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Accounting
Che 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 sole but is not paid to the state sales tax agency until the following month 20 points 1. Cash sales for November Year I were $64,500 plus sales tax of 7 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 $84,000, plus sales tax of 7 percent Skloped 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? o. What amount of sales tax expense will be reported on the Year income statement? Complete this question by entering your answers in the tabs below. Reg Reg Recto 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 Req A Req B Req C to E Record the preceding transactions in general journal form. (If no entry is require required" in the first account field.) d View transaction list View journal entry worksheet X: X K t Cash sales for November Year 1 were $64,500, plus sales tax of 7 percent. nces Req 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 $84,000, plus sales tax of 7 percent. Note : = journal entry has been entered


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