Pacific Store's physical count shows 450 units worth $45 each. The perpetual inventory system shows 500 units. If shortage is due to theft, calculate the amount to be written off.

Raj Department store has one cash register. On a recent day, the cash register tape reported sales in theamount of $12,675.12. Actual cash in the register (after deducting and removing the opening change of$100) was $12,649.81, which was deposited in the firm’s account.Required:Prepare a journal entry to record these cash sales.

Raj Department store has one cash register. On a recent day, the cash register tape reported sales in the amount of $12,675 12. Actual cash in the register (after deducting and removing the opening change of $100) was $12,649.81, which was deposited in the firm's account.

At the end of the day, the cash register tape shows $1,380 in cash sales but the count of cash in the register is $1,485. The proper entry to account for this excess is: Multiple Choice Debit Cash $1,380; credit Sales $1,380. Debit Cash Over and Short $105; credit Cash $105. Debit Cash $1,380; debit Cash Over and Short for $105; credit Sales $1,485. Debit Cash $1,485; credit Sales $1,485. Debit Cash $1,485; credit Sales $1,380; credit Cash Over and Short $105.

Carla Vista's cash register tape showed sales of $59,000 on June 16 for charges to customers' MasterCards. The bank charges a service fee of 3%. Prepare the entry to record MasterCard credit card sales. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jun. 16 Debit Credit

Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% factoring fee. What entry should Jervis make to record the transaction?

At the end of the day, the cash register tape shows $1,360 In cash sales, but the count of cash in the register is $1,460. The proper entry to account for this excess is: Multiple Choice Debit Cash $1,360; credit Sales $1,360. Debit Cash $1,460; credit Sales $1,460. Debit Cash $1,460; credit Sales $1,360; credit Cash Over and Short $100. Debit Cash $1,360; debit Cash Over and Short for $100; credit Sales $1,460. Debit Cash Over and Short $100; credit Cash $100. MacBook Air

During its first year of operations, Crane Company had credit sales of $3,064,300; $655,000 remained uncollected at year-end. The credit manager estimates that $36,900 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit List of Accounts Prepare the current assets section of the balance sheet for Crane Company. Assume that in addition to the receivables it has cash of $94,400, inventory of $135,200, and prepaid insurance of $8,500. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet (Partial) 24 %24 %24

The custodian of a $450 petty cash fund discovers that the fund has $54.30 In coins and currency plus $391.50 In receipts at the end of the month. The entry to replenish the petty cash fund will include: Multiple Choice A credit to Cash Over and Short for $4.20. O A debit to Cash for $395.70. О A debit to Cash for $387.30. O A debit to Petty Cash for $391.50. O. A credit to Cash for $395.70.

Carson's Bakery requires $500 cash to be on hand in the petty cash fund. During the month of October the following receipts were provided to the accountant in charge of petty cash; Gas $50, Supplies $100, Stamps $75. The petty cash fund now has a current balance of $270. How much cash needs to be withdrawn from the bank in order to replenish he petty cash fund? Record your answer as a numeric value without a $ sign. Type your answer..