The cash register tape for Leprechaun Industries reported sales of $6,891.56. Record the journal entry that would
Question:
The cash register tape for Leprechaun Industries reported sales of $6,891.56. Record the journal entry that would be necessary for each of the following situations:
(1) Cash to be accounted for exceeds cash on hand by $50.75.
(2) Cash on hand exceeds cash to be accounted for by $28.32.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
1 Cash 684075 Cash Over an...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
The cash register tape for Leprechaun Industries reported sales of 6,891.50. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for...
-
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...
-
The cash register tape for Goodmood Industries reported sales of $6,891.50. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds...
-
Lancaster Lumber buys $8 million of materials(net of discounts) on terms of 3/5, net 55, and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require...
-
During your examination of Debold Batteries, Ltd, you conclude there is a possibility that inventory is materially overstated. The client refuses to allow you to expand the scope of your examination...
-
Explain how estimates of service costs help managers to manage resources and create value.
-
Discuss the impact of changes to the project and how they are handled in the context of cash flow.
-
At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzelberg wrote off accounts totaling $11,000. One of those accounts...
-
Electricity & Magnetism 1. Consider the circuit below: R =24Q www R = 60Q R = 80 a) which resistor would have the greatest current passing through it? Explain. b) Which resistor would have the...
-
A scientist is rolling a die which has six possible outcomes. He is comparing the expected values of each number to see if the die is equally weighted. The Chi-squared value of his experiment is...
-
Knobloch Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure. 1. All over-the-counter receipts are...
-
While examining cash receipts information, the accounting department determined the following information: opening cash balance $150, cash on hand $1,125.74, and cash sales per register tape $990.83....
-
Figure shows the acceleration of objects of different mass that experience the same force. What is the magnitude of the force? a (m/s?) 18 + 12 - 6 m (g) 600 200 400
-
A group of 110 students sat an aptitude test, their resulting scores are presented: Scores; 77 64 58 71 72 65 65 77 71 61 62 66 60 64 75 66 66 58 66 75 74 64 65 62 71 69 59 69 73 65 71 75 64 65 59 72...
-
You have estimated rates as follows: r1 = 5.00%, r2 = 5.40%, r3 = 5.70%, r4 = 5.90%, r5 = 6.00%. where ri is the discount rate for year i. a. What are the discount factors for each date (that is, the...
-
DLT inc. is a private company and has 2 lines of business: Oil & gas and energy management with 70% of the firm's sales generated by the Oil & gas division. DLT has a target capital structure of 20%...
-
The probability distribution below represents the probability of x number of survey respondents who claim that family contributes most to happiness. X 0 1 2 3 Check 4 5 6 P(x) 0.004 0.013 0.028 0.353...
-
that Given that two random vectors x and z are jointly Gaussian, show 2Pyy-1/2-(y-y) Py(y-y) 2P21/2e-(2-2) P (z-z) where y = [x ZTT p(x|z) = p(x,z) p(z) is Gaussian with mean and covariance given by...
-
If a set of investment alternatives contains all possible choices that can be made, then the set is said to be which of the following? a. Coherent b. Collectively exhaustive c. Independent d....
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
Why is it important for Boolean expressions to be minimized in the design of digital circuits?
-
What simplifying assumptions were made in the chapter regarding calculation of net present value ?
-
What simplifying assumptions were made in the chapter regarding calculation of net present value ?
-
What simplifying assumptions were made in the chapter regarding calculation of net present value ?
-
Install on ubuntu , please provide a screenshot for each step 1)How to install base64 on ubuntu 2)What kind of analysis is performed by Cuckoo? How to install Cuckoo on ubuntu?
-
How do I access my computer files on Windows from Ubuntu? Google is not helping. I tried searching for it in Files on Ubuntu but all that were shown were Ubuntu files, not my computer files.
-
You throw a nerf basketball of mass 0.002 kg into the air. Att = 0, the ball leaves your hand. Att = 0.10 s, the net force on the b (-0.0203,-0.0248, 0) N, its velocity is (1.87, 0.84, 0) m/s, and...
Study smarter with the SolutionInn App