At the end of the day the clerk for Aarons Variety Shop noticed an error in the
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At the end of the day the clerk for Aaron’s Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $1,206, whereas the total cash in the register was $1,158. Ken keeps a $24 change fund in his shop. Prepare an appropriate general journal entry to record the cash sales as well as reveal the cash shortage.
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Beg Change Fund 24 Cash Register Total 12...View the full answer
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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