Question: prepare the required journal entry While examining cash receipts information, the accounting department determined the following information: opening cash balance $161, cash on hand $1,071.25,

prepare the required journal entry While examining cash receipts information, the

prepare the required journal entry

While examining cash receipts information, the accounting department determined the following information: opening cash balance $161, cash on hand $1,071.25, and cash sales per register tape $924.84. Prepare the required journal entry. (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.)

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