Question: Please help me answer b The cash register tape for Oriole Industries reported sales of $27,662.00. Record the journal entry that would be necessary for

Please help me answer b Please help me answer b The cash register tape for Oriole Industries

The cash register tape for Oriole Industries reported sales of $27,662.00. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $45.00. (b) Cash on hand exceeds cash reported by cash register tape by $20.50. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The cash register tape for Kingbird Industries reported sales of $8,520.60. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape...

-- The cash register tape for Oriole Industries reported sales of $28,002.00 Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape...

The cash register tape for Oriole Industries reported sales of $27,662.00. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape...

needanswer please The cash register tape for Oriole Industries reported sales of $ \$ 27,662.00 $. Record the journal entry that would be necessary for each of the following situations. (a) Sales...

Exercise 7.2 "Convenient Store" employees alternate working the single cash register, stocking shelves, and performing general cleaning throughout their shifts. These internet control procedures are...

Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $47.00. (b) Cash on hand exceeds cash reported by cash...

The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape...

Exercise 7.3 These procedures are used in The Boutique for cash disbursements (payments). 1. Checks are stored in an unmarked envelope on a shelf behind the cash register. 2. The store manager...

The cash register tape for Metlock Industries reported sales of $8,932.90. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape...

Current Attempt in Progress The cash register tape for Concord Industries reported sales of $27,402.00. Record the journal entry that would be necessary for each of the following situations. (a)...

The following table describes the production possibilities of two cities in the country of Baseballia: a. Without trade, what is the price of white socks (in terms of red socks) in Boston? What is...

A blackjack player at a Las Vegas casino learned that the house will provide a free room if play is for four hours at an average bet of $50. The players strategy provides a probability of .49 of...

Which type of stock pays a fixed dividend, but tends to have no voting rights?

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

The Reconstruction and Development Programme (RDP) in part tries to meet this need and has a large commitment to educational provision and people development.

Trade unions and employer associations. These act as pressure groups and can influence employment relations depending on their relative strengths.

Approximately 11,300 affirmative action posts have been allocated in the public sector since April 1994 (Horwitz et al., 1996).