COLLEGE ACCOUNTING LOOSE-LEAF + CONNECT
COLLEGE ACCOUNTING LOOSE-LEAF + CONNECT
16th Edition
ISBN: 9781265167943
Author: Haddock
Publisher: MCG
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Chapter 9, Problem 1CTP

1.

To determine

Determine the total amount of cash sales and cash shortage from August 1 to August 7.

2.

To determine

Prepare a journal entry to summarize the transactions from August 1 to August 7.

3.

To determine

Describe the required changes in the procedures in order to provide better management and control over the cash receipts.

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