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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Splish Brothers Inc. enters sales and sales taxes
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Splish Brothers Inc. enters sales and sales taxes separately in its cash register. On April 10, the register totals are sales $41,500 and sales taxes $2,075. 2. Blossom Company does not segregate sales and sales taxes. Its register total for April 15 is $25,334, which includes a 6% sales tax
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