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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sunland Company enters sales and sales taxes separately
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sunland Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $36,000 and sales taxes $1,800. 2. Blossom Company does not segregate sales and sales taxes, Its register total for April 15 is $25,652, which includes a 6% sales tax Prepare the entries to record the sales transactions and related taxes for Sunland Company and Blossom Company. (Credit occount titles are outomatically indented when amount is entered, Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the anounts)
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