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Question - 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 $24,500 and sales taxes $1,225.
2. Sheridan Company does not segregate sales and sales taxes. Its register total for April 15 is $12,840, which includes a 7% sales tax.
Prepare the entry to record the sales transactions and related taxes for Oriole Company.
Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors.
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hodge corporation issued 100000 shares of 20 par value cumulative 6 preferred stock on jan 1 2013 for 2300000. in
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Prepare the company's cash budget for February in good form. Make sure to indicate what borrowing, if any, would be needed to attain
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