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Exercise 1U-U5 In performing accounting services for small businesses, you encounter the following situations pertaining to...
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.
Ivanhoe Company enters sales and
sales taxes separately on its cash register. On April 10, the
register totals are sales $24,000 and sales taxes $1,200.
2.
Pharoah Company does not segregate
sales and sales taxes. Its register total for April 15 is $15,900,
which includes a 6% sales tax.
Prepare the entry to record the sales transactions and related
taxes for Ivanhoe 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....
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....
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...
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...
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 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 In performing accounting services for small businesses, you encounter the folowing situations pertaining to...
Exercise 10-4 In performing accounting services for small businesses, you encounter the folowing situations pertaining to cash sales. 1. tlossom Comeny ereers sales and sales taxes separateron its cash register. on Apnl io, regster total·an saa aaso and saa tain Sens 2. Onole Company does not segregate sales and sales taxes. Its register total for Artis S10,700, which rdudes a 7% ules tar Prepare the entry to record the sales transactions and related taxes for Blossom Company.(Credit account eitles are...
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.
1.
Ivanhoe Company enters sales and
sales taxes separately on its cash register. On April 10, the
register totals are sales $24,000 and sales taxes $1,200.
2.
Pharoah Company does not segregate
sales and sales taxes. Its register total for April 15 is $15,900,
which includes a 6% sales tax.
Prepare the entry to record the sales transactions and related
taxes for Ivanhoe 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....
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....
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...
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...
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 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 In performing accounting services for small businesses, you encounter the folowing situations pertaining to cash sales. 1. tlossom Comeny ereers sales and sales taxes separateron its cash register. on Apnl io, regster total·an saa aaso and saa tain Sens 2. Onole Company does not segregate sales and sales taxes. Its register total for Artis S10,700, which rdudes a 7% ules tar Prepare the entry to record the sales transactions and related taxes for Blossom Company.(Credit account eitles are...
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....
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