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Exercise 263 In providing accounting services to small business, you encounter the following situations pertaining to cash sales (1) (2) Marigold Company rings up sales

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Exercise 263 In providing accounting services to small business, you encounter the following situations pertaining to cash sales (1) (2) Marigold Company rings up sales and sales taxes separately on its cash register. On April 10 the register totals are sales $69,000 and sales taxes $2,500. Sandra Company does not segregate sales and sales taxes. Its register total for April 15 is $21,600, which includes a 8% sales tax. Prepare the entries to record the sales transactions and related taxes for Marigold Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Apr. 10 automatically indented when the amount is entered Benet indent Prepare the entries to record the sales transactions and related taxes for Sandra Company. (Credit account titles manually. Round answers to o decimal places, g. 5,275.) Debit Credit Date Account Titles and Explanation Apr 15

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