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In performing accounting services for small businesses, you encounter these situations pertaining to cash sales. Blossom Company enters sales and sales taxes separately on its
In performing accounting services for small businesses, you encounter these situations pertaining to cash sales.
Blossom Company enters sales and sales taxes separately on its cash register. On April the register totals are sales $ and sales taxes $
Splish 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 each client. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
Debit
Credit
BLOSSOM COMPANY
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