1. In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $28,000 and sales taxes $1.400. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $16,430, which includes a 6% sales tax 2 (a) Prepare tabular summaries to record the sales transactions and related taxes for Blossom Company. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders! Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Pd. in Cap. Cash Sales Taxes Pay Common Stock Apr. 10 $ $ $ (a) Prepare tabular summaries to record the sales transactions and related taxes for Blossom Company. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Revenue Expense Dividend Miscellaneous expense Sales revenus Bank charges expense Interest expense e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit