Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can Someone help me on the last two? Please and Thank you Question 3 of 12 Question 3 of 12 In performi ng accounting services

image text in transcribed

Can Someone help me on the last two? Please and Thank you

Question 3 of 12

Question 3 of 12 In performi ng accounting services for small businesses, you encounter the follmving situations pertai ning to cash sales. I. 2. Ivanhoe Company enters sal as and sales taxes separately on its cash register. On April 10, the register totals are sales $29,500 and sales taxes S 1,475. Pharoeh Company does not segregate sales and sales taxes Its register total for April IS is $21, 730, which includes sales tax. Prepare the entry to record the sales transections and related taxes for Ivanhoe Company. (Cditaccamt titles are autmntically indented arnamt is entered. DO indent marnn/ly.) Date Apr. 10 Account Titles and Explanation Czh Sa Ies Revenue Sa Ies Taxes Paya ble Credit 30.975 1.475 eTextbook a nd Media List of Accounts Prepare the entryto record the sales transactions and related taxes for Pheroah Company. (Credit titles areautMatica/Iy indented amant is entered. DO indent marnn/ly.) Date Apr. 15 Account Titles and Explanation Czh Sa Ies Revenue Sa Ies Taxes Paya ble Credit 21.730

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Money, Markets And Capital The Case For A Monetary Analysis

Authors: Jean Cartelier

1st Edition

0815355777, 9780815355779

More Books

Students also viewed these Accounting questions

Question

=+23. Advertising strategies EVPI.

Answered: 1 week ago