Calculate the cash amount Valley Creek Store's daily registerrecords an opening float of $300. Duringthe day, the store made $2,850 in cashsales and $3,400 in credit card sales,while processing $240 in returns. Basedon these transactions, calculate theexpected cash amount in the register atthe end of the day.

Step 1: Definition of Cash Register BalanceThe cash register balance refers to the total amount of…

Answered: Valley Creek Store's daily register…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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Valley Creek Store's daily register records an opening float of $300. During the day, the store made $2,850 in cash sales and $3,400 in credit card sales, while processing $240 in returns. Based on these transactions, calculate the expected cash amount in the register at the end of the day.
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Valley Creek Store's daily register records an opening float of $300. During the day, the store made $2,850 in cash sales and $3,400 in credit card sales, while processing $240 in returns. Based on these transactions, calculate the expected cash amount in the register at the end of the day.