a. Describe the entries that have been posted to the following accounts after the Change Fund was

Question:

a. Describe the entries that have been posted to the following accounts after the Change Fund was established.

b. How will the balance of Cash Short and Over be reported on the income statement?

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College Accounting A Career Approach

ISBN: 978-1337280563

13th edition

Authors: Cathy J. Scott

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Question Posted: Aug 04, 2017 09:39 AM

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a. Describe the entries that have been posted to the following accounts after the Change Fund was

Question:

Change Fund Sales Cash 150 Mar. 41,472 16 1,398 27 1,545 Mar. 4 1,475 16 1,397 27 1,541 Cash Short and Over Mar. 16 Mar. 4 3 27 4

Step by Step Answer:

a On March 4 the cash register tape showed that sales were 1472 whe...View the full answer

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