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

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 4PA: The following transactions were completed by Hammond Auto Supply during January, which is the first...

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