Present entries to record the transactions for each of the two days of

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Present entries to record the transactions for each of the two days of
Transcribed Image Text:Present entries to record the transactions for each of the two days of
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Requirement 1:

Actual cash in cash register = $4303

Cash receipts per cash register tally = $4341

Difference between actual cash and cash receipts will go to cash short and over account. 

Required journal entry is:

Date Particulars Debit ($)  Credit ($) 
  Cash  4303  
  Cash short & over 38  
 

  Sales

(To record cash sales) 

  4341
       
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