Warkentinne Company rings up salesand sales taxes separately on its cash registe
ID: 2433959 • Letter: W
Question
Warkentinne Company rings up salesand sales taxes separately on its cash register. On April 10, theregister totals are sales $30,600 and sales taxes $1,530.
Rivera Company does not segregatesales and sales taxes. Its register total for April 15 is $15,023,which includes a 8% sales tax.
Prepare the entry to record the sales transactions and relatedtaxes for each client. (Formultiple debit/credit entries, list amounts from largest tosmallest eg 10, 5, 3, 2. Round answers to 0 decimal places, e.g.125.)
Date Account /Description Debit Credit WarkentinneCompany Apr. 10 Sales tax receivableAccounts payableSales tax expenseAccounts receivableSales taxes payableCashSales $ Accounts payableAccounts receivableSales tax expenseSalesSales taxes payableCashSales tax receivable $ Sales tax expenseAccounts payableAccounts receivableSales tax receivableSales taxes payableCashSales $ RiveraCompany Apr. 15 Sales taxes payableSales tax expenseCashSalesSales tax receivableAccounts receivableAccounts payable $ Sales taxes payableAccounts payableSalesCashSales tax receivableSales tax expenseAccounts receivable $ Accounts receivableSalesCashSales tax receivableSales tax expenseAccounts payableSales taxes payable $Explanation / Answer
Apr 10 Cash 30,600 Sales TaxExpenses 1,530 Sales 32,130 Apr 15 Cash 13,821 Sales Tax Expenses(sales*8%) 1,202 Sales 15,023