Question

In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales.
1. Jackson Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $30,000 and sales taxes $1,650.
2. Pearson Company 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.



$1.99
Sales8
Views500
Comments0
  • CreatedDecember 29, 2012
  • Files Included
Post your question
5000