Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. The cash register’s record shows $590 of cash sales, but the count of cash in the register is $634. The cash register’s record shows $1,184 of cash sales, but the count of cash in the register is $1,142.
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. The cash register’s record shows $590 of cash sales, but the count of cash in the register is $634. The cash register’s record shows $1,184 of cash sales, but the count of cash in the register is $1,142.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Record the
- The cash register’s record shows $590 of cash sales, but the count of cash in the register is $634.
- The cash register’s record shows $1,184 of cash sales, but the count of cash in the register is $1,142.
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