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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Novak Corp. enters sales and sales taxes separately on
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Novak Corp. enters sales and sales taxes separately on its cash register. On April the register totals are sales $ and sales taxes $ Crane Company does not segregate sales and sales taxes. Its register total for April is $ which includes a sales tax. Prepare the entries to record the sales transactions and related taxes for Novak Corp. and Crane 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 for the amounts. No Date Account Titles and Explanation Debit Credit Novak Corp. Crane Company
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.
Novak Corp. enters sales and sales taxes separately on its cash register. On April the register totals are sales $ and
sales taxes $
Crane Company does not segregate sales and sales taxes. Its register total for April is $ which includes a sales
tax.
Prepare the entries to record the sales transactions and related taxes for Novak Corp. and Crane 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 for the amounts.
No
Date
Account Titles and Explanation
Debit
Credit
Novak Corp.
Crane Company
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