S C D E F G H J K a a Calibri 11 BZ Sales A B E10-3 page 495 Prepare journals for each of the transactions Date Account 10-Apr Cash Sales Sales taxes payable Debit Credit D L 2 Date Account Debit Credit 3 15-Apr Cash 4 Sales 5 Sales tax payable 6 7 8 9 0 1 22 E10-4 BE10-5 to 7 BE10-12 BE10-13 E10-1 E10-3 Divide cash received by (1+ sales tax rate) Multiply sales by the sales tax rate (total credit should equal cash received)