Homework Help is Here – Start Your Trial Now!
Business
Accounting
Rapid Delivery Services cash count at the end of the day totals $12,580 and the cash register tape shows $12,415. The amount of the change fund is $250. Rapid Delivery Services would record the revenue for the day as follows: a. Cash                                       12,580           Income from Services                         12,580 b. Cash                                       12,430         Cash Short and Over                                    15          Income from Services                           12,415 c. Cash                                       12,415          Income from Services                           12,415 d. Cash                                       12,415 Cash Short and Over                         15 Income from Services                                   12,430

Rapid Delivery Services cash count at the end of the day totals $12,580 and the cash register tape shows $12,415. The amount of the change fund is $250. Rapid Delivery Services would record the revenue for the day as follows: a. Cash                                       12,580           Income from Services                         12,580 b. Cash                                       12,430         Cash Short and Over                                    15          Income from Services                           12,415 c. Cash                                       12,415          Income from Services                           12,415 d. Cash                                       12,415 Cash Short and Over                         15 Income from Services                                   12,430

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 4CE
See similar textbooks
icon
Related questions
Question

Rapid Delivery Services cash count at the end of the day totals $12,580 and the cash register
tape shows $12,415. The amount of the change fund is $250. Rapid Delivery Services would
record the revenue for the day as follows:

a. Cash                                       12,580
          Income from Services                         12,580

b. Cash                                       12,430
        Cash Short and Over                                    15
         Income from Services                           12,415

c. Cash                                       12,415
         Income from Services                           12,415


d. Cash                                       12,415
Cash Short and Over                         15
Income from Services                                   12,430

Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Cash and cash equivalents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS