Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Couldn't figure out the last 2. The equations would be helpful! Thank you! Exercise 10-4 In performing accounting services for small businesses, you encounter the

image text in transcribedimage text in transcribed

Couldn't figure out the last 2. The equations would be helpful! Thank you!

Exercise 10-4 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $27,000 and sales taxes $1,350. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $15,660, which includes a 8% sales tax. Your answer is correct. Prepare the entry to record the sales transactions and related taxes for Sandhill Co.. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Date Credit Apr. 10 Cash Sales Revenue IT 27000 0 | Sales Taxes Payable T i 1350 Your answer is partially correct. Try again. Prepare the entry to record the sales transactions and related taxes for Carla Vista Co.. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 15 cash 15660 Sales Revenue 14310 Sales Taxes Payable 1350 Click if you would like to Show Work for this question: Open Show Work

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

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

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Identify the cause of a performance problem. page 363

Answered: 1 week ago