Question $1$ of $5$

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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.

Wildhorse Co$.$ enters sales and sales taxes separately on its cash register. On April $10,$ the register totals are sales $$27,500$ and sales taxes $$1,375.$

Carla Vista Co$.$ does not segregate sales and sales taxes. Its register total for April $15$ is $$16,350,$ which includes a $9\%$ sales tax.

$($a$)$

Your answer is partially corlect.

Prepare tabular summaries to record the sales transactions and related taxes for Wildhorse Co$..$ 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