in performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Carla Vista Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,000 and sales taxes $1,600 2. Wildhorse Co. does not segregate sales and sales taxes. Its register total for April 15 is $20,670, which includes a 6% sales tax. Prepare tabular summaries to record the sales transactions and related taxes for Carla Vista Co. (If a transaction causes a decrease in Assets, Liabilities or s amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Revenue Expense - Dividend Cash * Sales Taxes Pay. + Common Stock + Apr. 10 Sales revenue LINK TO TEXT VIDEO SIMILAR EXERCISE VIDEO SIMILAR EXERCISE Prepare tabular summaries to record the sales transactions and related taxes for Wildhorse Co. (If a transaction causes a decrease in Assets, Liabilities or Stoc amount entered for the particular Asset Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Sales Taxes Pay. + Common Stock + Revenue Expense - Dividend Apr. 15 Sales revenue LINK TO TEXT VIDEO SEMILAR EXERCISE VIDEO SIMILAR EXERCISE