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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 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. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities Pd. in Cap. Common Stock Cash Sales Taxes Pay. + Rever Apr. 10 $ $ $ $ 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense Revenue Dividend $ $ $ $ Sales revenue Interest expense Miscellaneous expense Bank charges expense e Textbook and Media Skysong, Inc. issues $256,000, 10-year, 7% bonds at 98. Prepare a tabular summary to record the sale of these bonds on March 1, 2022. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Il Bonds Pay. Disc. on Bonds Pay. Common Stock $ $ $ $ Skysong, Inc. issues $256,000, 10-year, 7% bonds at 98. Prepare a tabular summary to record the sale of these bonds on March 1, 2022. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense Common Stock Revenue Dividend $ $ $ $ Stockholders' Equity Retained Earnings Expense Dividend $ Payroll tax expense Sales revenue Ticket revenue Interest expense Blossom Company issues $305,000, 20-year, 8% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash II Bonds Pay. Prem. on Bonds Pay. Common Stock $ $ $ $ Blossom Company issues $305,000, 20-year, 8% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2022. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense + Revenue Dividend LA Sales revenue Ticket revenue Interest expense Payroll tax expense e Textbook and Media