help E8-3

Exercise U00 Trom Acme Bank on a 6-month, tules on December 1. Record Instructions (a) Prepare a tab (b) Prepare a tabular summary to record adjustment on June 30 (c) Prepare a tabular summary to record the repayment at maturity (December 1), assum- LO 1),AP ular summary to record the note issued on June 1. ing monthly adjustments have been made through November 30. What was the total financing cost (interest expense)? (d) E8-3 In performing accounting services for small businesses, you encounter the following Record sales and rel situations pertaining to cash sales. 1. Cerviq Company enters sales and sales taxes separately on its cash register. On April LO 1),AP 10, the register totals are sales $22,000 and sales taxes $1,100 2. Quartz Company does not segregate sales and sales taxes. Its register total for April 15 is $13,780, which includes a 6% sales tax Instructions Prepare tabular summaries to record the sales transactions and related taxes for (a) Cerviq Company and (b) OQuartz Company