The cash register tape for Crane Industries reported sales of $27,802.00. Record the journal entry that...
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The cash register tape for Crane Industries reported sales of $27,802.00. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $50.50. (b) Cash on hand exceeds cash to be accounted for by $21.00. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) The cash register tape for Crane Industries reported sales of $27,802.00. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $50.50. (b) Cash on hand exceeds cash to be accounted for by $21.00. (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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To record the journal entries for the given situations we need to consider the Cash account and anot... View the full answer
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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