Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. a. The cash register's record shows $530 of cash sales, but the count of cash in the register is $562. b. The cash register's record shows $1,112 of cash sales, but the count of cash in the register is $1,082.
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. a. The cash register's record shows $530 of cash sales, but the count of cash in the register is $562. b. The cash register's record shows $1,112 of cash sales, but the count of cash in the register is $1,082.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 3CE
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Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal. Accounting journal shows a company's debit and credit balances.
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