Make journal entry using cash count sheet. BE7.7 (LO 2), AP While examining cash receipts information, the accounting department determined the following information: cash on hand $1,125.74 and cash sales per register tape $988.62. Prepare the required journal entry.

Q: While examining cash receipts information, the accounting department determined the following…

A: Journal entries are used to record transaction in chronological order under double entry accounting…

Q: The actual cash received from cash sales was $33,161 and the amount indicated by the cash register…

A: Working: Cash received = $33,161 Cash Register = $33,185 Cash Short = $33,185 - $33,161 = $24 Sales…

Q: If a petty cash fund is established in the amount of $250, and contains $151 in cash and $95 in…

A: As the questions asked have more than 1 question, the first question is answered. If you want the…

Q: While examining cash receipts information, the accounting department determined the following…

A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…

Q: The actual cash received from cash sales was $36,006, and the amount indicated by the cash register…

A: Cash short and over = Cash sales - cash received = $36,010 - $36,006 = $4

Q: Open a ledger account for Cash in balance column format. Post general journal entries that impact…

A: The ledger account is prepared in t-format. It is also called a t-account or subsidiary ledger. It…

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Given, Actual cash received from cash sales = $83,452 Amount indicated by the cash register =…

Q: Entry for cash sales; cash overThe actual cash received from cash sales was $315,280, and the amount…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

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

Q: A $144 petty cash fund has cash of $24 and receipts of $109. The journal entry to replenish the…

A: The corporation create petty cash fund to meet its sundry expenses took place in daily course of…

Q: If a petty cash fund is established in the amount of $200, and contains $119 in cash and $86 in…

A: Petty cash fund is a fund that is established for small petty expenses in your business.

Q: The actual cash receivec from cash sales was 914 amount indicated by the cash register total was $…

A: A journal entry is a record of a business' financial transactions that is preserved in its…

Q: Entry for cash sales; cash short The actual cash received from cash sales was $35,440, and the…

A: Journal Entry is the primary step in recording the transactions in the books of accounts.The…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,806 and the amount…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Continue using the journal and journalize the following transaction: Mar. 31. Paid cash to replenish…

A: Journal entry means the entry in prime book with chronological order. Journal entry should have…

Q: Entry for Cash Sales; Cash Short The actual cash received from cash sales was $30,376 and the…

A: A journal is a book of original entry in which financial transactions of the business are recorded…

Q: Entry for Cash Sales; Cash Short The actual cash received from cash sales was $31,072 and the amount…

A: Journal entry of cash receipt and cash sale Date Particulars Post. Ref Amount ( Dr.) Amount( Cr)…

Q: A cash book is used to record

A: A cash book contains all cash receipts and payments transactions in detail, including bank deposits…

Q: The

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: The actual cash received from cash sales was $30,378 and the amount indicated by the cash register…

A: Definition:   Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: Using the following cash payments journal, identify each of the posting references, indicated by a…

A: Cash payment Journal all the expenses made and paid by cash during a particular period of time. All…

Q: The actual cash received from cash sales was $14,953 and the amount indicated by the cash register…

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

Q: Entry for cash sales; cash over The actual cash received from cash sales was $315,280, and the…

A: Journal entry Journal entry is a set of economic events which can be measured in financial terms.…

Q: Entry for cash sales; cash short The actual cash received from cash sales was $83,452, and the…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: how do I journalize the entry to record the cash receipts and cash sales on March 1st?   Refer to…

A: Dear student, since you asked only for cash receipt and cash sales transaction,  The journal entry…

Q: While examining cash receipts information, the accounting department determined the following…

A: Cash in hand balance should be = Opening Balance + Cash Sales during the period = 177 + 1166.57 =…

Q: The actual cash received from cash sales was $18,371, and the amount indicated by the cash register…

A: The difference between the cash sale and cash recorded in the cash register is called as cash short…

Q: The actual cash received from cash sales was $13,712 and the amount indicated by the cash register…

A: The cash register records all the cash transactions of a company. It includes all the cash payments…

Q: 1.Journalize and post transactions on account to the cash payments j ournal   2.Complete the petty…

A: Journal Entry Journalizing is one of the important process in accounting which gives the path to the…

Q: The cash register tape for Marin Industries reported sales of $10,307.20. Record the journal entry…

A: A journal entry is an accounting record that is used to document a business transaction. It includes…

Q: The actual cash received from cash sales was $32,443, and the amount indicated by the cash register…

A: The objective of the question is to record the cash receipts and cash sales in the journal entry.…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is