Question: Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the following data from its cash registers: Cash Sales per
Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the following data from its cash registers: Cash Sales per Register Tape Cash in Register after Removing Opening Change $12,650.01 Register 1 $12,656.12 11,429.57 11,591.18 Register 2 Register 3 11,425.42 11,590.18 Pence deposits its cash receipts in its bank account daily Required: amount box does not require an entry, leave it blank. Round your ans 35,676.87 x Prepare a journal entry to record Cash Cash Over and Short Sales Revenue (Record cash register receipts) NIE Check My Work When the cash in the register does not reconcile with the register tapes, the discrepancy is recorded in cash over and short
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