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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sheridan Company enters sales and sales taxes separately

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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sheridan Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $31,000 and sales taxes $1,550. 2. Blossom Company does not segregate sales and sales taxes. Its register total for April 15 is $23,320, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related tawes for Sheridan Compamy. (List ofl debit entries before credit entries, Credit account tities are automatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) Prepare the entry to record the sales transactions and related taxes for Blossom Compary. (List oll debit entries before credit entries Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles ond enter 0 for the amounts.)

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