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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Cullumber Company enters sales and sales taxes separately
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Cullumber Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23.500 and sales taxes $1.175. Ivanhoe Company does not segregate sales and sales taxes. Its register total for April 15 is $15,370, which includes a 6% 2 sales tax Prepare the entry to record the sales transactions and related taxes for Cullumber Company. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Cash Apr. 10 Sales Revenue Sales Taces Payable e Textbook and Media List of Accounts MacBook Air Question 3 of 6 -11 e Textbook and Media List of Accounts Prepare the entry to record the sales transactions and related taxes for Ivanhoe Company. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Credit Apr. 15 Debit e Textbook and Media List of Accounts Last ved 2 hours ago Saved will be auto submitted on the due date Attempts: 0 of 3 used Submit Answer MacBook Air
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