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
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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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