Exercise 10-3 Your answer is partially correct. Try again In performing accounting services to small businesses, you encounter the following situations pertaining to cash sales 1. Poole Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $31,000 and sales taxes $1,550. 2. waterman Company does not segregate sales and sales taxes. Its register total for April 15 is S22,250, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for each client. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation POOLE COMPANY No. Date 1. Apr. 10Cash 32550 Service Revenue 31000 Sales Taxes Payable 1550 WATERMAN COMPANY 2. 22260 Service Revenue 20924.4 Sales Taxes Payable 1335.6