Required information < At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. However, when the clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers. Note: Enter debits before credits. 1 Date September 01 General Journal Cash Cash over and short Record entry Clear entry Debit 1,050 Credit View general journal

Required information < At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. However, when the clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers. Note: Enter debits before credits. 1 Date September 01 General Journal Cash Cash over and short Record entry Clear entry Debit 1,050 Credit View general journal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Answer this correctly
i need the answer quickly
Please Solve With Explanation and do not give Solution in image format
Problem 9.1A (Static) Journalizing cash receipts, cash short or over, and posting to the general ledger. LO 9-1 Candy’s Cupcakes, a retail business, started business on June 25, 20X1. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 20X1, are below. DATE TRANSACTIONS June 25 Cash sales per the cash register tape, $1,238. Cash count, $1,529. 26 Cash sales per the cash register tape, $1,346. Cash count, $1,640. 27 Cash sales per the cash register tape, $1,359. Cash count, $1,661. 28 Cash sales per the cash register tape, $1,288. Cash count, $1,582. 29 Cash sales per the cash register tape, $1,135. Cash count, $1,439. 30 Cash sales per the cash register tape, $1,374. Cash count, $1,668. Required: Record the cash receipts from June 25 to June 30, 20X1, in a general journal. Post the amounts for Cash Short or Over in the journal entries to the general ledger.…
1 2 3 A co 4 567 8 9 10 11 DATE GENERAL JOURNAL DESCRIPTION 20-- May 16 Accounts Payable-Sunshine Suppliers Cash in Bank Check 111 20 Cash in Bank 23 Advertising Expense Cash in Bank Check 112 Accounts Rec.-Tim McGraw, Inc. Receipt 54 POST. REF. DEBIT 79500 52500 65.00 PAGE CREDIT 3 79500 52 500 6500 IN 2 3 4 5 6 7 co loo 9 10 11 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Please answer with given worksheets to better help me there are 3 questions but only two worksheets given Also what account are credited and what account are debited
unc.1 At end of the day, the cash register's record shows $180, but the count of cash in the cash register is $177. The correct entry to record the cash sales for the day is: A. Dr Cash 177Dr Cash over and short 3Cr Sales 180 B. Dr Cash 180Cr Cash over and short 3Cr Sales 177 C. Dr Cash 177 Cr Sales 177 D. Dr Cash 180 Cr Sales 180
Petty cash book transactions in Prime books entries?
don't give answer in image format
2
eBook Petty Cash Transactions (Appendix 6.1) Instructions Chart of Accounts General Journal Instructions Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the count of cash on hand indicated that $58.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished. Postage Expense $240.40 Office Supplies Expense 170.90 Miscellaneous Expense 122.05 Required: Prepare the joumal entries necessary to record Crown's petty cash transactions during January. K Points: 8.83/ 16
6