Miller Enterprises deposits the cash received during each day at the end of the day. Miller deposited
Question:
Miller Enterprises deposits the cash received during each day at the end of the day. Miller deposited $12,730 on October 3 and $15,610 on October 4. Cash register records and other documents supporting the deposits are summarized as follows:
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Required:
1. Calculate the amount of cash over or cash short for each day.
2. Prepare the journal entry to record the receipt and deposit of cash on October 3.
3. Prepare the journal entry to record the receipt and deposit of cash on October4.
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Step by Step Answer:
1 103 104 Deposit 12730 15610 Cash received per records 1272...View the full answer
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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