At the end of the day, the cash register tape lists $881.40 as total income from services. Cash on hand consists of $18.25 in coins, $433.60 in currency, $100.00 in traveler's checks, and $427.00 in customers' checks. The amount of the Change Fund is $100. Required: Record the entry to record the day's cash revenue. If an amount box does not require an entry, leave it blank.

Q: Carla Vista's cash register tape showed sales of $59,000 on June 16 for charges to customers'…

A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Q: The following selected transactions relate to cash collections for a firm that uses a cash register.…

A: The actual cash in the cash register is debited to the Cash Account and cash receipts per cash…

Q: On April 2, Granger Sales decides to establish a $370 petty cash fund to relieve the burden on…

A: Date particulars amount amount Apr 2  petty cadh $370     Cash   $370   Being cash paid…

Q: At the end of the day, the cash register tape lists $885.69 as total income from services. Cash on…

A: Journal entry: The record of business transactions in a chronological order in the journal is…

Q: Post the differences between the cash count and the cash register tape to the Cash Short and Over T…

A: A ledger is a log or list of accounts that keeps track of account transfers. This is generally on…

Q: On July 1, 2024, Cromartie Furniture established a $150 petty cash fund. A check for $150 was made…

A: A debit to petty cash and a credit to cash for $150 General JournalDebitCreditPetty cash$150 Cash…

Q: At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of…

A: Cash sale = $1,059 Cash as per register = $1,050   There can be a difference in the cash sale and…

Q: The petty cash custodian reported the following transactions during the month. Prepare the journal…

A: Journal: It is used to record business transactions of an enterprise.

Q: The cash register tape for Oriole Industries reported sales of $7,612.00. Record the journal entry…

A: For (a) part cash amount to be debited is $7566.50 (7,612.00 - 45.50) For (b) part cash amount to be…

Q: pri's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian…

A: >Petty Cash fund is created out of cash account to pay off certain small and petty amounts of…

Q: Record the journal entry that would be necessary for each of the following situations. (a) Sales per…

A: Given in the question: Sales based on cash register = $27,662.00 The journal entry is required even…

Q: The cash register tape for Oriole Industries reported sales of $28,002.00. Record the journal entry…

A:

Q: A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of…

A: Cash Need to Replenish to Petty Cash Fund = Amount of Fund to Be - Cash Receipts - Amount of Cash…

Q: Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty…

A: Journal entries are made to record the transactions as the first process in the books of accounts…

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: The Crying Fish has a change fund of $300. Cash sales on August 10 per the cash register are $1,125.…

A: Change fund is a set of money used by the department to make change to the customers, who purchase…

Q: Journalize the entries to record the following: Check is issued to establish a petty cash fund of…

A: Working Notes: calculation of short cash = Petty cash Fund - Closing Balance of Petty cash -…

Q: list entry worksheet entry to recognize expenditures from the petty cash fund. bits before credits.…

A: Ans. Journal entry to record expenses made from petty cash funds can be passed either by making a…

Q: On March 20, Vaughn's petty cash fund of $108 is replenished when the fund contains $15 in cash and…

A: The petty cash fund is established to maintain the cash balance for day to day transactions of the…

Q: Record the journal entry for Sales and for Cash Over and Short for each of the following separate…

A: The objective of this question is to record the journal entries for Sales and for Cash Over and…

Q: The following selected transactions relate to cash collections for a business that maintains a $100…

A: The cash register is the book of ledger prepared by the management in maintaining records of the…

Q: s established at $100. After the first month, the cash in the petty cash box amounted to $21. The…

A: A Petty cash fund is established to take care of the daily small expenses of a firm. This is…

Q: ournalize the entries to record the following: Required: a. On March 1, check is issued to establish…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Loucks Company established a $330 petty cash fund on October 2, 2024. The fund is replenished at the…

A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Q: At the end of the day, the cash register tape lists $881.40 as total income from services. Cash on…

A: Cash short and over = Cash income recorded on tape - Cash collected = $881.40 - ($18.25 + $433.60 +…

Q: The cash register tape for Shamrock Industries reported sales of $ 9,207.80. Record the iournal…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: On March 1, the actual cash received from cash sales was $25,538, and the amount indicated by the…

A: The practice of recording financial activity for the first time in the books of accounts is known as…

Q: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

A: JOURNAL ENTRY FOR REPLENISHMENT :  PARTICULARS DEBIT CREDIT SUNDRY EXPENSE $134   CASH…

Q: On March 20, Oriole's petty cash fund of $119 is replenished when the fund contains $12 in cash and…

A: Petty cash means where the separate cash book is maintained which is usually deals with the small…

Q: The cash register tape for Larkspur Industries reported sales of $7,146.30. Record the journal entry…

A: a. Cash = Sales revenue - Cash short  = 7146.30 - 52.78 = 7093.52 b. Cash = Sales revenue + Cash…

Q: At the end of the day, the cash register's record shows $1,254, but the count of cash in the cash…

A: The cash short and over records the difference in amount of cash register and cash count. It can…

Q: The cash register tape for Oriole Industries reported sales of $27,662.00. Record the journal entry…

A: Introduction: Journals: Recording of business transactions in a chronological order. First step in…

Q: A cash register tape shows cash sales of $8200 and sales taxes of $410. The journal entry to record…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: Christine's Dance Studio created a $400 imprest petty cash fund. During the month, the fund…

A: Step 1:Required journal entries for the petty cash funds are presented hereunder:No.DateAccounts and…

Q: Prepare journal entries for each of the following: Question Content Area a.  Issued a check to…

A: When a petty cash fund is established, a check is issued to transfer the necessary funds from the…

Q: Knowledge Check Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $17…

A: Petty cash is money kept for small and incidental expenses. Petty cash is current account and…

Q: Sandhill's Snack Shop has a petty cash fund of $105. On November 30, the fund contained $8 in cash…

A: A petty cash book- is record of day to day routine business expenditures such as stationary, fuel,…

Q: The Tempest Company is setting a petty cash. 1A-Prepare the entry to set up a petty cash for three…

A: Petty cash fund is that fund which is maintained for small petty expenses in the business. Imprest…

Q: On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Journal entry is a process of recording and classifying business transactions into books of accounts…

Q: rangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: On March 20, Novak's petty cash fund of $118 is replenished when the fund contains $20 in cash and…

A: Date: March 20Account Titles and Explanation:Postage Expense: Debit the Postage Expense account for…

Q: Assume that the custodian of a $450 petty cash fund has $57.10 in coins and curency plus $387.00 in…

A: The petty cash fund is established to maintain the cash for day-to-day transactions of the business.…

Q: The custodian of a $600 petty cash fund discovers that the fund has $ 112.50 in coins and currency…

A: Petty cash fund is a small amount of cash that a business keeps aside to pay for minor, everyday…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.