Question 21 View Policies Current Attempt in Progress In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales 1 2 Orice Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $24,500 and sales taxes $1.225. Sheridan Company does not segregate sales and sales taxes. Its register total for April 15 is $12.840, which includes a 7% sales tax Prepare the entry to record the sales transactions and related taxes for Oriole Company Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Ar 10 List of Accounts Prepare the entry to record the sales transactions and related taxes for Sheridan Company. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Debit Date Account Titles and Explanation Apr. 15 List of Accounts List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable Tune here to O FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue Type here to search