Question: Exercise 10-4 (Part Level Submission) In performing accounting services for small businesses, you encounter the folowing stuations pertaining to cash saies. Oriole Company enters sales
Exercise 10-4 (Part Level Submission) In performing accounting services for small businesses, you encounter the folowing stuations pertaining to cash saies. Oriole Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $24,500 and sales taxes $1,225 Sheridan Company does not segregate sales and sales taxes, ts register total for Apri S is $12,840, which includes a 7% sales tax. 1. 2. (a) Prepare the entry to record the sales transactions and related taxes for Oriole Company. (Credit account tities are automatically indented when amount is entered Do not indent manually.) Apr. 10
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