Homework Answers
Journal entries
| Date | Account title and explanation | Debit | Credit |
| Apr 10 | Cash | 35700 | |
| Sales revenue | 34000 | ||
| Sales tax payable | 1700 | ||
| Apr 15 | Cash/account receivable | 26500 | |
| Sales revenue (26500*100/106) | 25000 | ||
| Sales tax payable | 1500 |
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+ Ch 10-Grading Homework -/1 E Question 3 of 5 < > In performing accounting services...
Exercise 10-4 (Part Level Submission) In performing accounting services for small 1. Crane Company enters sales...
Exercise 10-4 (Part Level Submission) In performing accounting services for small 1. Crane Company enters sales and sales taxes 2. Sunland Company does not segregate businesses, you encounter the following situations pertaining to cash sales. cash register. On April 10, the register totals are sales $28,500 and sales taxes $1,425. sales and sales taxes. Its register total for April Sì.17,100, which nades a 7% sales ta ▼ (a) prepare the entry to record the sales transactions and related taxes for...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Cervig Company enters sales and sales taxes separately on its cash register. On April 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. Prepare the entry to record the sales transactions and related taxes for Cervig Company....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,500 and sales taxes $1,625. 2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $24,910, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Sandhill...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,500 and sales taxes $1,625. 2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $24,910, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Sandhill...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Oriole Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $30,000 and sales taxes $1,500. 2. Sheridan Company does not segregate sales and sales taxes. Its register total for April 15 is $18,550, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Oriole Company....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pharoah Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $25,000 and sales taxes $1.250. 2. Cullumber Company does not segregate sales and sales taxes. Its register total for April 15 is $16,960, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Pharoah Company....
Exercise 10-3 In performing accounting services to small businesses, you encounter the following situations pertaining...
Exercise 10-3 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 $41,500 and sales taxes $2,075. 2. Waterman Company does not segregate sales and sales taxes. Its register total for April 15 is $25,334, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for...
Exercise 1U-U5 In performing accounting services for small businesses, you encounter the following situations pertaining to...
Exercise 1U-U5 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. 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 $21,730, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for...
Exercise 10-4 In providing accounting services to small businesses, you encounter the following situations pertaining to...
Exercise 10-4
In providing accounting services to small businesses, you encounter
the following situations pertaining to cash sales.
1.
Furcal Company enters sales and sales taxes separately on its
cash register. On April 10, the register totals are sales $28,700
and sales taxes $1,435.
2.
Crystal Company does not segregate sales and sales taxes. Its
register total for April 15 is $17,120, which includes a 7% sales
tax.
Prepare the entries to record the sales transactions and
related taxes for...
? Exercise 11-03 In performing accounting services for small businesses, you encounter the following situations pertaining...
?
Exercise 11-03 In performing accounting services for 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 $40,000 and sales taxes $2,000. 2. Waterman Company does not segregate sales and sales taxes. Its register total for April 15 is $22,260, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes...
Exercise 10-4 (Part Level Submission) In performing accounting services for small 1. Crane Company enters sales and sales taxes 2. Sunland Company does not segregate businesses, you encounter the following situations pertaining to cash sales. cash register. On April 10, the register totals are sales $28,500 and sales taxes $1,425. sales and sales taxes. Its register total for April Sì.17,100, which nades a 7% sales ta ▼ (a) prepare the entry to record the sales transactions and related taxes for...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Cervig Company enters sales and sales taxes separately on its cash register. On April 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. Prepare the entry to record the sales transactions and related taxes for Cervig Company....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,500 and sales taxes $1,625. 2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $24,910, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Sandhill...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Sandhill Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $32,500 and sales taxes $1,625. 2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $24,910, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Sandhill...
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Oriole Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $30,000 and sales taxes $1,500. 2. Sheridan Company does not segregate sales and sales taxes. Its register total for April 15 is $18,550, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Oriole Company....
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pharoah Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $25,000 and sales taxes $1.250. 2. Cullumber Company does not segregate sales and sales taxes. Its register total for April 15 is $16,960, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for Pharoah Company....
Exercise 10-3 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 $41,500 and sales taxes $2,075. 2. Waterman Company does not segregate sales and sales taxes. Its register total for April 15 is $25,334, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for...
Exercise 1U-U5 In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. 2. 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 $21,730, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for...
Exercise 10-4
In providing accounting services to small businesses, you encounter
the following situations pertaining to cash sales.
1.
Furcal Company enters sales and sales taxes separately on its
cash register. On April 10, the register totals are sales $28,700
and sales taxes $1,435.
2.
Crystal Company does not segregate sales and sales taxes. Its
register total for April 15 is $17,120, which includes a 7% sales
tax.
Prepare the entries to record the sales transactions and
related taxes for...
?
Exercise 11-03 In performing accounting services for 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 $40,000 and sales taxes $2,000. 2. Waterman Company does not segregate sales and sales taxes. Its register total for April 15 is $22,260, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes...
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