E 7-7A (LO4) /Apr. 16: Cr. Cash Short and Over, CASH SHORT AND OVER ENTRIES Based on the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. $1.75 Cash Register Receipt Amount Actual Cash Date Change Fund Counted Apr. 2 $100 $268.50 $366.50 100 237.75 333.50 16 100 309.25 411.00 23 100 226.50 324.00 30 100 318.00 422.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

How to solve 7-7 A

47.00
E 7-7A (LO4)
/Apr. 16: Cr. Cash Short and Over,
CASH SHORT AND OVER ENTRIES Based on the following information, prepare
the weekly entries for cash receipts from service fees and cash short and over.
A change fund of $100 is maintained.
$1.75
Cash Register
Receipt Amount
Actual Cash
Counted
Date
Change Fund
Apr. 2
9.
$100
$268.50
$366.50
100
237.75
333.50
16
100
309.25
411.00
23
100
226.50
324.00
30
100
318.00
422.00
Transcribed Image Text:47.00 E 7-7A (LO4) /Apr. 16: Cr. Cash Short and Over, CASH SHORT AND OVER ENTRIES Based on the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. $1.75 Cash Register Receipt Amount Actual Cash Counted Date Change Fund Apr. 2 9. $100 $268.50 $366.50 100 237.75 333.50 16 100 309.25 411.00 23 100 226.50 324.00 30 100 318.00 422.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Techniques of Time Value Of Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education