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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. Blossom Company enters sales and sales
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $33.500 and sales taxes $1,675. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $25,970, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Apr. 10 Cash Sales Revenue Sales Taxus Payable eTextbook and Media List of Accounts Debit 33175 Credit 33500 3675
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