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In providing accounting services to small business, you encounter the following situations pertaining to cash sales (1) Concord Company rings up sales and sales taxes

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In providing accounting services to small business, you encounter the following situations pertaining to cash sales (1) Concord Company rings up sales and sales taxes separately on its cash register. On April 10 the register totals are sales $47,000 and sales taxes $3,100 (2) Lise Company does not segregate sales and sales taxes. Its register total for April 15 is $28,890, which includes a 7% sales tax. Prepare the entries to record the sales transactions and related taxes for Concord Company. (Credit account titles are automatically indented when the amount is manually.) Date Account Titles and Explanation Debit Credit Apr 10 SHOW LIST OF ACCOUNTS Prepare the entries to record the sales transactions and related taxes for Us Company. (Credit account titles are automatically indented when the amount is ente manually. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Ape 15

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