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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pharoah Company enters sales and sales taxes separately

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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pharoah Company enters sales and sales taxes separately on its cash register. On April 10 , the register totals are sales $42,500 and sales taxes $2,125. 2. Cullumber Company does not segregate sales and sales taxes. Its register total for April 15 is $24,084, which includes a 8% salestax. Prepare the entries to record the sales transactions and related taxes for Pharoah Company and Cullumber Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts)

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