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Rivera company does not segregate sales and sales taxes

Assignment Help Accounting Basics
Reference no: EM131129011

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

1. Warkentinne Company rings up 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. Rivera Company does not segregate sales and sales taxes. Its register total for April 15 is $23,540, which includes a 7% sales tax.

Instructions

Prepare the entry to record the sales transactions and related taxes for each client.

Reference no: EM131129011

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