REQUIRED INFO.
The following selected transactions apply to Topeca Supply for November and December Year 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 were $ plus sales tax of percent.
Topeca Supply paid the November sales tax to the state agency on December Year
Cash sales for December Year were $ plus sales tax of percent.
REQUIRED
a Record the effect of the given transactions in a horizontal statements model.
a Record the effect of the given transactions in a horizontal statements model.
Note: In the Cash Flow column, use the initials OA for operating activities, FA for financing activities, and IA for investing
activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.
Answer is complete but not entirely correct.
note I have filled in what I know please figure out the boxes marked with a red X
Thank you!
