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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Oriole Company enters sales and sales taxes separately on
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.
Oriole Company enters sales and sales taxes separately on its cash register. On April the register totals are sales $ and sales taxes $
Sheridan Company does not segregate sales and sales taxes. Its register total for April is $ which includes a sales tax.
a
Prepare the entry to record the sales transactions and related taxes for Oriole Company. List all debit entries before credit entries. 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 for the amounts.
Date
Account Titles and Explanation
Debit
Credit
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