Showing posts with label entry to record. Show all posts
Showing posts with label entry to record. Show all posts

Thursday, January 3, 2019

The actual cash received from cash sales was $18,371, and the amount indicated by the cash register total was $18,400

The actual cash received from cash sales was $18,371, and the amount indicated by the cash register total was $18,400. Journalize the entry to record the cash receipts and cash sales.


Answer:
Cash                  18,371
Cash Short or Over        29
            Sales                 18,400


The actual cash received from cash sales was $71,315, and the amount indicated by the cash register total was $71,220

The actual cash received from cash sales was $71,315, and the amount indicated by the cash register total was $71,220. Journalize the entry to record the cash receipts and cash sales.


Answer:
Cash                71,315
            Sales               71,220
            Cash Short or Over      95