Royal Jewels, a retail business, started business on June 25, 20X1. It keeps a $300 change...

  

Transcribed Image Text:

Royal Jewels, a retail business, started business on June 25, 20X1. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 20X1 are below. DATE TRANSACTIONS June 25 Cash sales per the cash register tape, $1, 226. Cash count, si, 518. 26 Cash sales per the cash register tape, $1, 336. Cash count, $1, 629. 27 Cash sales per the cash register tape, $1, 347. Cash count, $1, 650. 28 Cash sales per the cash register tape, $1, 278. Cash count, $1,571. 29 Cash sales per the cash register tape, $1, 123. Cash count, s1, 428. 30 Cash sales per the cash register tape, $1, 364. Cash count, $1, 657. Required: 2. Record the cash receipts from June 25 to June 30, 20X1, in a general journal. 3. Post the amounts for Cash Short or Over in the journal entries to the general ledger. Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements? Complete this question by entering your answers in the tabs below. General Journal General Analyze Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general joumal. General General Analyze Journal Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general jou View transaction list Cash sales per the cash register tape, $1,226. Cash count, $1,518. Cash sales per the cash register tape, $1,336. Cash count, $1,629. Cash sales per the cash register tape, $1,347. Cash count, $1,650. Cash sales per the cash register tape, $1,278. Cash count, $1,571. 4 Cash sales per the cash register tape, $1,123. Cash count, $1,428. 6. Cash sales per the cash register tape, $1,364. Cash Note : = journal entry has been entered %3D Record entry Clear entry General Journal General Analyze Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general jor View transaction list Cash sales per the cash register tape, $1,336. Cash count, $1,629. 2. 3 Cash sales per the cash register tape, $1,347. Cash count, $1,650. Cash sales per the cash register tape, $1,278. Cash count, $1,571. 4 Cash sales per the cash register tape, $1,123. Cash count, $1,428. 6. Cash sales per the cash register tape, $1,364. Cash count, $1,657. Note : = journal entry has been entered Record entry Clear entry Vi < Prev General Journal General Analyze Ledger Post the amounts for Cash Short or Over in the journal entries to the ger GENERAL LEDGER Cash Short or Over Account No. 620 Date Debit Credit Balance < General Journal Ana journal. 3. Post the amounts for Cash Short or Over in the journal entries to the general ledger. Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements? Complete this question by entering your answers in the tabs below. General Journal General Ledger Analyze How will the balance in Cash Short or Over on June 30 be reported in the financial statements? < General Ledger Analyze Royal Jewels, a retail business, started business on June 25, 20X1. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 20X1 are below. DATE TRANSACTIONS June 25 Cash sales per the cash register tape, $1, 226. Cash count, si, 518. 26 Cash sales per the cash register tape, $1, 336. Cash count, $1, 629. 27 Cash sales per the cash register tape, $1, 347. Cash count, $1, 650. 28 Cash sales per the cash register tape, $1, 278. Cash count, $1,571. 29 Cash sales per the cash register tape, $1, 123. Cash count, s1, 428. 30 Cash sales per the cash register tape, $1, 364. Cash count, $1, 657. Required: 2. Record the cash receipts from June 25 to June 30, 20X1, in a general journal. 3. Post the amounts for Cash Short or Over in the journal entries to the general ledger. Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements? Complete this question by entering your answers in the tabs below. General Journal General Analyze Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general joumal. General General Analyze Journal Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general jou View transaction list Cash sales per the cash register tape, $1,226. Cash count, $1,518. Cash sales per the cash register tape, $1,336. Cash count, $1,629. Cash sales per the cash register tape, $1,347. Cash count, $1,650. Cash sales per the cash register tape, $1,278. Cash count, $1,571. 4 Cash sales per the cash register tape, $1,123. Cash count, $1,428. 6. Cash sales per the cash register tape, $1,364. Cash Note : = journal entry has been entered %3D Record entry Clear entry General Journal General Analyze Ledger Record the cash receipts from June 25 to June 30, 20X1, in a general jor View transaction list Cash sales per the cash register tape, $1,336. Cash count, $1,629. 2. 3 Cash sales per the cash register tape, $1,347. Cash count, $1,650. Cash sales per the cash register tape, $1,278. Cash count, $1,571. 4 Cash sales per the cash register tape, $1,123. Cash count, $1,428. 6. Cash sales per the cash register tape, $1,364. Cash count, $1,657. Note : = journal entry has been entered Record entry Clear entry Vi < Prev General Journal General Analyze Ledger Post the amounts for Cash Short or Over in the journal entries to the ger GENERAL LEDGER Cash Short or Over Account No. 620 Date Debit Credit Balance < General Journal Ana journal. 3. Post the amounts for Cash Short or Over in the journal entries to the general ledger. Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements? Complete this question by entering your answers in the tabs below. General Journal General Ledger Analyze How will the balance in Cash Short or Over on June 30 be reported in the financial statements? < General Ledger Analyze

Answer rating: 100% (QA)

Date Accounts Title Dr Cr 25Jun Cash bal fig 1224 Cash short or ... View the full answer