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(a1) Your answer is correct. Compute sales taxes payable. Sales taxes payable $ 460 e Textbook and Media List of Accounts Attempts: 1 of 3
(a1) Your answer is correct. Compute sales taxes payable. Sales taxes payable $ 460 e Textbook and Media List of Accounts Attempts: 1 of 3 used (a2) Make the entry to record sales taxes payable and sales. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 16 e Textbook and Media List of Accounts In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sunland Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $36.000 and sales taxes $1,800. 2. Blossom Company does not segregate sales and sales taxes. Its register total for April 15 is $25,652, which includes a 6% sales tax. Prepare the entries to record the sales transactions and related taxes for Sunland Company and Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit Sunland Company 1. Blossom Company 2. e Textbook and Media
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