Question: The cash register tape for Bluestem Industries reported sales of

The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that would be necessary for each of the following situations.
(a) Cash to be accounted for exceeds cash on hand by $50.75.
(b) Cash on hand exceeds cash to be accounted for by $28.32.


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  • CreatedJanuary 30, 2014
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