510-3 In performing accounting services for small businesses, you encounter the follow ing situations pertaining...
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Accounting
510-3 In performing accounting services for small businesses, you encounter the follow ing situations pertaining to cash sales. 1. Kemer A. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales +30,000 and sales taxes +1,800. 2. Bodrum A. does not segregate sales and sales taxes. Its register total for April 15 is +20,330, which includes a 7% sales tax. Instructions Prepare the entry to record the sales transactions and related taxes for each client. en
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