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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 547,000 and sales taxes $3,100 (2) Lisa 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 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 Lisa Company. (Credit account titles are automatically indented when the amount is ont manually. Hound answers to decimal places, .. 5,275.) Dute Account Titles and Explanation Debit Credit Apr 15 Policy.2000 2021ohn Wicy. So IngAll Rights Reserved. A Division of Boho Wilaya

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