Question: Milner Department Store has one cash register on which it performs daily cash counts. Recently, the cash count indicated that there was $9,218.47 in the

Milner Department Store has one cash register on which it performs daily cash counts. Recently, the cash count indicated that there was $9,218.47 in the register after deducting and removing the opening change amount of $50. However, the cash register tape reported sales in the amount of $9,217.85. Milner deposited its cash collected in its bank account.
Required:
Prepare a journal entry to record these cash collections.

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