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undefined E11-3B In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. 1. Scoggin Company rings up sales and
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E11-3B In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. 1. Scoggin Company rings up sales and sales taxes separately on its cash register. On April 10, the register totals are sales $80,000 and sales taxes $4,400. 2. Lusk Company does not segregate sales and sales taxes. Its register total for April 15 is $44,730, which includes a 6.5% sales tax. Instructions Prepare the entry to record the sales transactions and related taxes for each clientStep by Step Solution
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