COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 9, Problem 1PA

Journalizing cash receipts, cash short or over, and posting to the general ledger.

Royal Jewels, a retail business, started business on June 25, 2019. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 2019 are below.

INSTRUCTIONS

  1. 1. Open the general ledger account for Cash Short or Over, account number 620.
  2. 2. Record the cash receipts from June 25 to June 30, 2019, in a general journal. Start the general journal with page 1.
  3. 3. Post the amounts for cash short or over in the journal entries to the general ledger.

Chapter 9, Problem 1PA, Journalizing cash receipts, cash short or over, and posting to the general ledger. Royal Jewels, a

Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements?

Blurred answer
Students have asked these similar questions
hello teacher please solve questions general accounting
Campbell Soup Company reported pension expense of $94 million and contributed $81.5 million to the pension fund. Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts.
Provide accounting question

Chapter 9 Solutions

COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<

Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
Text book image
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage
Text book image
SWFT Individual Income Taxes
Accounting
ISBN:9780357391365
Author:YOUNG
Publisher:Cengage
Text book image
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College
Text book image
Financial Accounting
Accounting
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
The accounting cycle; Author: Alanis Business academy;https://www.youtube.com/watch?v=XTspj8CtzPk;License: Standard YouTube License, CC-BY