Current Attempt in Progress In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales 1. Ivanhoe Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $29,500 and sales taxes $1.475. Pharoah Company does not segregate sales and sales taxes. Its register total for April 15 is $18,530, which includes a 9% sales tax. 2. (a) Prepare tabular summaries to record the sales transactions and related taxes for Ivanhoe Company. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Pd. in Cap. Common Stock Cash Sales Taxes Pay. Reve Apr. 10 $ $ e Textbook and Media (a) Prepare tabular summaries to record the sales transactions and related taxes for Ivanhoe Company. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense Revenue Dividend e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (b)