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

In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales.

1. Furcal Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $35,100 and sales taxes $1,755.

2. Crystal Company does not segregate sales and sales taxes. Its register total for April 15 is $20,330, which includes a 7% sales tax.

A. Prepare the entries to record the sales transactions and related taxes to Furcal Company.

Date Account Titles and Explanation Debit Credit
Apr. 10
Apr. 10
Apr.10

B. Prepare the entries to record the sales transactions and relaxed taxes for Crystal Company.

Date Account Titles and Explanation Debit Credit
Apr. 15
Apr. 15
Apr. 15

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