Ellie Harrod, owner of Harrod’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 28293031Cash register tape$895.20$977.40$884.50$1,027.25Cash count993.501,075.80986.601,124.40 Required: In general journal form, record the cash deposit for each day, assuming that there is a $100 Change Fund.

Cash is asset account. Since the cash collected from sales revenue is recorded, the asset value…

Answered: Ellie Harrod, owner of Harrod’s Dry…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ellie Harrod, owner of Harrod’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	$895.20	$977.40	$884.50	$1,027.25
Cash count	993.50	1,075.80	986.60	1,124.40

Required:

In general journal form, record the cash deposit for each day, assuming that there is a $100 Change Fund.

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