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.

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A:

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.