Exercise 10-4 (Part Level Submission)

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.

1.Oriole Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $24,500and sales taxes $1,225.2.Sheridan Company does not segregate sales and sales taxes. Its register total for April 15 is $12,840, which includes a7% sales tax.

(a)

Prepare the entry to record the sales transactions and related taxes for Oriole Company.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Apr. 10

enter an account title to record the sales transactions and related taxes for Oriole Company on April 10

enter a debit amount

enter a credit amount

enter an account title to record the sales transactions and related taxes for Oriole Company on April 10

enter a debit amount

enter a credit amount

enter an account title to record the sales transactions and related taxes for Oriole Company on April 10

enter a debit amount

enter a credit amount

SHOW LIST OF ACCOUNTS

LINK TO TEXT

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SUBMIT ANSWER

(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.