Prepare the entries to record the sales transactions

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Reference no: EM13531911

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

1. Duvall Company rings up 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. Hubbard Company does not segregate sales and sales taxes. Its register total for April 15 is $13,780, which includes a 6% sales tax.

Instructions

Prepare the entries to record the sales transactions and related taxes for (a) Duvall Company and (b) Hubbard Company.

Reference no: EM13531911

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