In performing accounting services for small businesses, you encounter the following situations pertaining to cash...
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Accounting
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Skysong, Inc. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,500 and sales taxes $1,625 2. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $25,038, which includes a 7% sales tax. Prepare the entries to record the sales transactions and related taxes for Skysong, Inc. and Oriole Company. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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