unc.1 At end of the day, the cash register's record shows $180, but the count of cash in the cash register is $177. The correct entry to record the cash sales for the day is: A.Dr Cash 177Dr Cash over and short 3Cr Sales 180 B.Dr Cash 180Cr Cash over and short 3Cr Sales 177 C.Dr Cash 177Cr Sales 177 D.Dr Cash 180Cr Sales 180

The journal entries are prepared to record the transactions on regular basis. The adjustment entries…

Answered: of cash in the cash register is $177.…

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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unc.1

At end of the day, the cash register's record shows $180, but the count of cash in the cash register is $177. The correct entry to record the cash sales for the day is:

	A.	Dr Cash 177 Dr Cash over and short 3 Cr Sales 180
	B.	Dr Cash 180 Cr Cash over and short 3 Cr Sales 177
	C.	Dr Cash 177 Cr Sales 177
	D.	Dr Cash 180 Cr Sales 180

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