The following selected transactions relate to cash collections for a firm that uses a cash register. Present entries to record the transactions for each of the two days of cash receipts from sales. (a) Actual cash in cash register, $3,085 cash receipts per cash register tally, $3,107. (b) Actual cash in cash register, $3,542 cash receipts per cash register tally, $3,432. If an amount box does not require an entry, leave it blank. (a)   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9 (b)   fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15     fill in the blank 17 fill in the blank 18

Q: While examining cash receipts information, the accounting department determined the following…

A: Journal is the primary book where transactions are originally recorded. Further, a journal entry is…

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: The actual cash received from cash sales was $36,006, and the amount indicated by the cash register…

A: Cash short and over = Cash sales - cash received = $36,010 - $36,006 = $4

Q: The following selected transactions relate to cash collections for a firm that maintains a $100…

A: Journal entry:   Journal entry is a set of economic events which can be measured in monetary terms.…

Q: The following information is available to reconcile Branch Company’s book balance of cash with its…

A: A journal entry is a summary of a company's financial activities held in its accounting records.

Q: A Company provided the following information at year-end comprising the cash account:   Cash in…

A: Cash and cash equivalents consist of -  Cash in hand  cash at bank  travelers check managers check…

Q: Below are the information provided by Mari&Ria Company for the preparation of proof of cash:…

A: Proof of cash is when in the bank reconciliation statement (BRS), each item is presented separately…

Q: The actual cash received during the week ended June 6 for cash sales was $8,276 and the amount…

A: working notes : Cash a/c  beginning and ending =$8,276-$8,262=$14

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Given, Actual cash received from cash sales = $83,452 Amount indicated by the cash register =…

Q: A first-year co-op student is trying to determine the amount of cash and cash equivalents that…

A: Introduction: Cash and cash equivalents: The individual unit on a company's balance sheet that shows…

Q: What total amount should be reported as “cash” at year-end?

A: Cash and cash equivalents are the items which are classified as the most liquid assets on the…

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Journal: Journal is the method of recording monetary business transactions in chronological order.…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

A: Journals: Recording of a business transactions in a chronological order. First step in the…

Q: vailable to reconcile Branch Company’s book balance of cash with its bank statement cash balance as…

A: Bank reconciliation is a statement prepared for the purpose of reconciling the differences between…

Q: The following information is available to reconcile Branch Company's book balance of cash with its…

A: Bank reconciliation statement is a statement prepared at the end of the reporting period to…

Q: Required information [The following information applies to the questions displayed below.] The…

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: The actual cash received during the week ended June 7 for cash sales was $18,523, and the amount…

A: Cash receipts are cash received from customers. Cash sales means when customer pays cash on account…

Q: At July 31, Vaughn Company has the following bank information: cash balance per bank $8,240,…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: The actual cash received from cash sales was $18,371, and the amount indicated by the cashcregister…

A: Prepare journal entry to record the cash receipts and cash sales:

Q: A company's general ledger shows a cash balance of $4,570. Comparing the company's cash records with…

A: Bank reconciliation statements are prepared to identify the gaps between cash balance and bank…

Q: The actual cash received from the day’s cash sales was $27,214, and the amount indicated by the cash…

A: Cash register record the amount of cash received in a given day and it should match with cash in…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,806 and the amount…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Record the journal entry for Sales and for Cash Over and Short for each of the following separate…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The following information is available to reconcile Branch Company’s book balance of cash with its…

A: Bank Reconciliation Statement The purpose of preparing the bank reconciliation statement is to know…

Q: Required information [The following information applies to the questions displayed below.] The…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: The following information is available to reconcile Severino Co.’s book balance of cash with its…

A: A bank reconciliation statement refers to a outline of banking and business movement that…

Q: Prepare a journal entry to record these cash sales.

A: Journal entry is used to record the transaction in books of accounts of the entity.

Q: The total on the "Cash Receipts" report generated by QuickBooks® software at January 31 would be…

A: Step 1 Cash receipts journal also refers to the main entry book, the purpose of which is the…

Q: Damon Company receives its monthly bank statement, which reports a balance of $2,000. After…

A: Deposits in transit: Deposit in transit means the money received by a company and recorded in the…

Q: The actual cash received from cash sales was $34,936, and th amount indicated by the cash register…

A: Solution: Entry to record cash sales is as under:

Q: Timex Company provided the following data relating to the cash transactions and bank account for the…

A: A bank reconciliation statement unifies a corporation's bank account with its financial records by…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: rangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in…

A: Bank reconciliation statement is prepared by almost every organization at a particular time. It is a…

Q: he actual cash received from cash sales was $36,728 and the amount indicated by the cash register…

A: Cash Sales - Cash Sales are the Sales made in consideration of cash. In this transaction cash is…

Q: The following information is available to reconcile Branch Company's book balance of cash with its…

A: Bank reconciliation statement is the statement which is prepared to reconcile cash balance as per…

Q: At August 31, Sheridan Company has a cash balance per books of $7,750 and the following additional…

A: Adjusted Cash Balance shows the amount of money one should have in their bank accounts.

Q: The following selected transactions relate to cash collections for a firm that maintains a days of…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: Required information [The following information applies to the questions displayed below.] The…

A: The question is based on the concept of Bank reconciliation statement.

Q: Prepare a bank reconciliation for Banner, Inc., at July 31. b. Prepare journal entries (in general…

A:

Q: Record the journal entry for Sales and for Cash Over and Short for each of the following separate…

A: Cash Over or Short Journal Entry A cash over or short journal entry mostly occurs in a retail type…

Q: A company's general ledger shows a cash balance of $2,350. Comparing the company's cash records with…

A: Correct balance of cash = Cash balance as per general ledger + Adjustments

Q: Entry for cash sales; cash short Instructions Chart of Accounts Journal Instructions The actual cash…

A: The question is related to Journal Entry. The details of transaction is given.

Q: how do I journalize the entry to record the cash receipts and cash sales on March 1st?   Refer to…

A: Dear student, since you asked only for cash receipt and cash sales transaction,  The journal entry…

Q: While examining cash receipts information, the accounting department determined the following…

A: Cash in hand balance should be = Opening Balance + Cash Sales during the period = 177 + 1166.57 =…

Q: debit memoranda accompany the bank statement: one for $9 was for service charges for the month; the…

A: BRS is the reconciliation of Pass book balance and Cash book balance.

Q: The actual cash received from cash sales was $13,712 and the amount indicated by the cash register…

A: The cash register records all the cash transactions of a company. It includes all the cash payments…

Q: At August 31, Concord Company has a cash balance per books of $7,900 and the following additional…

A: Cash is the highly liquid asset for any company. It is to be shown in the balance sheet on assets…

Q: The following information is available to reconcile Branch Company’s book balance of cash with its…

A: Bank reconciliation statements are referred as a statement which is made by the company/organisation…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.