Ellie Haas, owner of Haas's Dry Cleaners, makes bank deposits in the night depository at the close of each business day. The following information for the last four days of July is available. July 28 29 30 31 Cash register tape $847.80 $972.75 $835.05 $1,041.80 Cash count 945.80 1,070.20 937.30 1,139.05 Required: (images)
Ellie Haas, owner of Haas's Dry Cleaners, makes bank deposits in the night depository at the close of each business day. The following information for the last four days of July is available. July 28 29 30 31 Cash register tape $847.80 $972.75 $835.05 $1,041.80 Cash count 945.80 1,070.20 937.30 1,139.05 Required: (images)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ellie Haas, owner of Haas's Dry Cleaners, makes bank deposits in the night depository at the close of each business day. The following information for the last four days of July is available.
| July | ||||
| 28 | 29 | 30 | 31 | |
| Cash register tape | $847.80 | $972.75 | $835.05 | $1,041.80 |
| Cash count | 945.80 | 1,070.20 | 937.30 | 1,139.05 |
Required: (images)
![**Required:**
In general journal form, record the cash deposit for each day, assuming that there is a $100 Change Fund. If an amount box does not require an entry, leave it blank. Round your final answers to two decimal places.
---
**GENERAL JOURNAL**
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT |
|----------|---------------------------------|------------|-------|--------|
| 20-- | | | | |
| July 28 | [Select description] | | | |
| | [Select description] | | | |
| | [Select description] | | | |
| | To record revenue earned during the day. | | | |
| July 29 | [Select description] | | | |
| | [Select description] | | | |
| | [Select description] | | | |
| | To record revenue earned during the day. | | | |
---
The table above is an example of a general journal format used in accounting. It consists of the following columns:
- **DATE**: Denotes the date of each transaction.
- **DESCRIPTION**: Provides a dropdown to select the description of the transaction.
- **POST. REF.**: A column for the posting reference, typically used to indicate where the transaction is recorded in the ledger.
- **DEBIT**: Indicates the amount to be debited.
- **CREDIT**: Indicates the amount to be credited.
Each day's transactions are meant to record the revenue earned. There is an instruction to account for a $100 Change Fund when recording the cash deposit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F61433d54-b9a0-4446-a009-5d05dd47b637%2F038f7533-2700-41b4-bab0-5a245b15f9cd%2Ft7tmuhc_processed.png&w=3840&q=75)
Transcribed Image Text:**Required:**
In general journal form, record the cash deposit for each day, assuming that there is a $100 Change Fund. If an amount box does not require an entry, leave it blank. Round your final answers to two decimal places.
---
**GENERAL JOURNAL**
| DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT |
|----------|---------------------------------|------------|-------|--------|
| 20-- | | | | |
| July 28 | [Select description] | | | |
| | [Select description] | | | |
| | [Select description] | | | |
| | To record revenue earned during the day. | | | |
| July 29 | [Select description] | | | |
| | [Select description] | | | |
| | [Select description] | | | |
| | To record revenue earned during the day. | | | |
---
The table above is an example of a general journal format used in accounting. It consists of the following columns:
- **DATE**: Denotes the date of each transaction.
- **DESCRIPTION**: Provides a dropdown to select the description of the transaction.
- **POST. REF.**: A column for the posting reference, typically used to indicate where the transaction is recorded in the ledger.
- **DEBIT**: Indicates the amount to be debited.
- **CREDIT**: Indicates the amount to be credited.
Each day's transactions are meant to record the revenue earned. There is an instruction to account for a $100 Change Fund when recording the cash deposit.
Transcribed Image Text:The image displays an interface for recording daily revenue over a three-day period—July 29, July 30, and July 31. Each day is divided into three sections with drop-down menus and text boxes for input.
For July 29, July 30, and July 31, the structure is as follows:
1. **Date Header:**
- For each date, the header "To record revenue earned during the day" is displayed.
2. **Data Input Fields:**
- Each day consists of three rows with the following elements:
- A drop-down menu likely used to select a category or type of revenue.
- Two adjacent text boxes for entering numerical data, possibly reflecting amounts or quantities.
This setup allows multiple entries per day, facilitating detailed recording of different revenue streams. This format can be useful for businesses or educational exercises in financial tracking and analysis.
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