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Exercise 263 In providing accounting services to small business, you encounter the following situations pertaining to cash sales. (1) (2) Novak 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) Novak Company rings up sales and sales taxes separately on its cash register. On April 10 the register totals are sales $47,000 and sales taxes $3,300 Kimberly Company does not segregate sales and sales taxes. Its register total for April 15 is $22,260, which includes a 6% sales tax. Prepare the entries to record the sales transactions and related taxes for Novak Company. (Credit account titles are automatically indented when the amount is enter not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 10 SHOW LIST OF ACCOUNTS Prepare the entries to record the sales transactions and related taxes for Kimberly Company. (Credit account titles are automatically indented when the amount is ente not indent manually. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Apr. 15

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