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

Carla Vista Company enters sales and sales taxes separately on its cash register. On April $10,$ the register totals are sales

$$26,500$ and sales taxes $$1,325.$

Tri Town Company does not segregate sales and sales taxes. Its register total for April $15$ is $$14,980,$ which includes a $7\%$

sales tax.

$($a$)$

Prepare tabular summaries to record the sales transactions and related taxes for Carla Vista Company. Include margin

explanations for the changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity,

place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$