Record the journal entry for Sales and for Cash Over and Short for each of the following

Question:

Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations.

a. The cash register’s record shows $420 of cash sales, but the count of cash in the register is $430.

b. The cash register’s record shows $980 of cash sales, but the count of cash in the register is $972.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

See More Books

Question Posted: Jul 09, 2019 10:07 AM

See More Questions

Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents.$3,000...
Refer to the financial statements of Samsung in Appendix A. What is the amount of Samsungs accounts receivable,titled as Trade receivables, on its December 31, 2017, balance sheet? Data from Samsung...
Refer to Googles recent balance sheet in Appendix A. What is the book value of its total net property, plant, and equipment assets at December 31, 2017? Data from Google's Google Inc. (Alphabet Inc.)...
Samples of size n = 5 are collected from a process every half hour. After 50 samples have been collected, we calculate. x = 20.0 and s 1.5. Assume that both charts exhibit control and that the...
A certain electric device has the current-voltage (I - V) graph shown with Problem 26. What is the power dissipated at points1and 2? 0.04 0.03 0.02 0.01 0 0.1 0.2 0.3 0.4 0.5 V (volts)
Evaluate the following integrals or state that they diverge. /2 S 0 tan 0 de
In February 2014, defendant Ibrahim M. Shihadeh, d/b/a Creative Designs Kitchen and Baths, agreed to purchase 25% of his anticipated natural gas needs at a fixed price for the 201415 and 201516...
The partners in River Song Company decide to liquidate the firm when the balance sheet shows the following. The partners share income and loss 5 : 3 : 2. During the process of liquidation, the...
The figure depicts Jack - in - the - box: "Jack" is attached inside a box by a spring, as shown. You estimate Jack's mass to be 0 . 4 k g . As so often happens, a sign tells you the spring constant:...
Lakeside Bakery bakes fresh pies every morning. The daily demand for its apple pies is a random variable with (discrete) distribution, based on past experience, given by Each apple pie costs the...
COSO lists five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring. Indicate the COSO component that matches with...
Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed. a. Prohibit the record...
Explain what is meant by induced economic effects and give an example.
What is the length of a side of the small inner square?
If f(x)=tan(In3x), find f'(x)
Evaluate 3 1-x dx. x= sin 0
Let f (x) = x + 13x +36 and g(x) = x +9 Find (fg) (x)
Consider a loan of $225,000 at nominal interest rate of 6.5% for 15 years. How much of the payment during the first year goes towards interest? Show calculation
A stake is being pulled out of the ground by means of two ropes as shown. Knowing that = 30, determine by trigonometry (a) The magnitude of the force P so that the resultant force exerted on the...
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
As Beacon Company controller, you are responsible for informing the board of directors about its financial activities. At the board meeting, you present the following information. After the meeting,...
Use Apples financial statements in Appendix A to answer the following. 1. Using fiscal 2017 as the base year, compute trend percents for fiscal years 2017, 2018, and 2019 for total net sales, total...
Use the following selected data from Business Solutionss income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Required...
Examine the pseudocode listed below. What will be displayed after this code runs? (Note: this code is free of syntax and run-time errors and will run once translated into a language.) counter = 25...
MARKETING GOALS & OBJECTIVES In detail explain, what are the Year 1 and Year 3 marketing goals and SMART objectives that support the Business Goals & SMART objectives? Consider what you are trying to...
For the next two weeks you will be acting as external communication consultants for Starbucks. In your group you will discuss effective team-building strategies using the textbook as a guide and...

Record the journal entry for Sales and for Cash Over and Short for each of the following

Question:

Step by Step Answer:

a Cash 430 Cash Over and Short 10 Sales 4...View the full answer

Fundamental Accounting Principles

Students also viewed these Business questions