Business, 19.07.2021 22:00 TelestoisaMoon4437
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.
1. Pina Colada Corp. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $37,000 and sales taxes $1,850.
2. Cullumber Company does not segregate sales and sales taxes. Its register total for April 15 is $22,896, which includes a 6% sales tax.
Prepare the entry to record the sales transactions and related taxes for each client.
E10-3 Poole Company
Apr. 10
Waterman Company
15
Answers: 2
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