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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![ash are assigned to different individuals.
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.
Identify the internal control principles applicable to cash disbursements.
cash disbursements. Identify the internal control principle that is applicable to each procedure.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6501bcec-69f0-41c7-aaf6-9d4563ecc7cd%2F4ed7b1ff-11c9-453b-b387-54dabf3dafea%2Ftper92n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ash are assigned to different individuals.
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.
Identify the internal control principles applicable to cash disbursements.
cash disbursements. Identify the internal control principle that is applicable to each procedure.
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