Question: ? Thumbs down for wrong answer. Question 5 ( 0.2 points) At the end of the day, the cash register tape shows $1,000 in cash
?
Thumbs down for wrong answer.
Question 5 ( 0.2 points) At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,010. The proper entry to account for this excess is: Debit Cash \$1.000; credit Sales \$1.000. Debit Cash \$1,010; credit Sales \$1,010. Debit Cash \$1.010; credit Sales \$1,000; credit Cash Over and Short \$10. Debit Cash \$1,000; debit Cash Over and Short for \$10: credit Sales \$1,010. Debit Cash Over and Short \$10: credit Cash $10
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
