Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales Blossom Company enters sales and sales taxes aparately

image text in transcribed
1. In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales Blossom Company enters sales and sales taxes aparately on its cash register. On April 10, the register total are sales $28,000 and sales taxes $1,400 2. Oriole Company does not egregate sales and sales taxes. Its register total for April 15 is $20,140, which includes a 6% sales tax Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indented when amount be entered. Do not indent manual) Date Account Titles and Explanation Debit Credit Apr. 10 SHOW LEST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare the entry to record the sales transactions and related taxes for Orole Company (Credit account ties are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Apr 15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago