In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $33,500 and sales taxes $1,675. 1. 2 (a) Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $25,970, which includes a 6% sales tax Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically D indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Apr. 10 Debit Credit

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $33,500 and sales taxes $1,675. 1. 2 (a) Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $25,970, which includes a 6% sales tax Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically D indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Apr. 10 Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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