The following selected transactions relate to cash collections for a firm that mainta $100 change fund at all times. Present entries to record the transactions for each the two days of cash receipts from sales. a. Actual cash in cash register, $5,757; cash receipts per cash register tally, $5,780 b. Actual cash in cash register, $5,601; cash receipts per cash register tally, $5,488 If an amount box does not require an entry, leave it blank. B 18 a. b.
The following selected transactions relate to cash collections for a firm that mainta $100 change fund at all times. Present entries to record the transactions for each the two days of cash receipts from sales. a. Actual cash in cash register, $5,757; cash receipts per cash register tally, $5,780 b. Actual cash in cash register, $5,601; cash receipts per cash register tally, $5,488 If an amount box does not require an entry, leave it blank. B 18 a. b.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following selected transactions relate to cash collections for a firm that maintains a
$100 change fund at all times. Present entries to record the transactions for each of
the two days of cash receipts from sales.
a. Actual cash in cash register, $5,757; cash receipts per cash register tally, $5,780.
b. Actual cash in cash register, $5,601; cash receipts per cash register tally, $5,488.
If an amount box does not require an entry, leave it blank.
a.
b.
Accounts Payable
Accounts Receivable
Cash
Sales
Sales Discounts
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