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Exercise 10-4 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. Cervia Company enters sales and
Exercise 10-4 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. Cervia Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $22,000 and sales taxes $1,100. Quartz Company does not segregate sales and sales taxes. Its register total for April 15 is $13,780, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Cervia Company. (Credit account titles are automatically indented when amount is entered. Do not inden manually.) Debit Credit Date Account Titles and Explanation Apr. 10 VIDEO SIMILAR EXERCISE Prepare the entry to record the sales transactions and related taxes for Quartz Company. (Crect account titles are automatically indented when amount is entered. Do not inderat manually.) Date Account Titles and Explanation Debit Credit Apr. 15 would like to Show Work for this question Open Show Work
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