Business, 16.04.2020 19:50 klmklm3799

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Metlock, Inc. enters sales and sales taxes separately in its cash register. On April 10, the register totals are sales $34,500 and sales taxes $1,725. 2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $24,804, which includes a 6% sales tax. Prepare the entry to record the sales transactions and related taxes for each client. Omit the cost of goods sold entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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