The actual cash received from cash sales was $32,730, and the amount indicated by the cash register
Question:
The actual cash received from cash sales was $32,730, and the amount indicated by the cash register total was $32,690. Journalize the entry to record the cash receipts and cash sales.
Fantastic news! We've located the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Cash 32 7…View the full answer
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Cost Accounting questions
-
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256. Journalize the entry to record the cash receipts and cash sales.
-
The actual cash received from cash sales was $36,183, and the amount indicated by the cash register total was $36,197. Journalize the entry to record the cash receipts and cash sales.
-
The actual cash received from cash sales was $36,183, and the amount indicated by the cash register total was $36,197. a. What is the amount deposited in the bank for the days sales? b. What is the...
-
Explain the difference between impregnation and infiltration. Give some applications for each?
-
(a) Does the lattice energy of an ionic solid increase or decrease (i) as the charges of the ions increase, (ii) as the sizes of the ions increase? (b) Arrange the following substances not listed in...
-
Examine Lenovo in terms of the integration-responsiveness framework. What are the pressures that Lenovo faces for local responsiveness? What are the pressures that Lenovo faces for global...
-
Compile and simulate the behavioral description of the 4-bit adder in Figure 3-49. Assuming a ripple carry implementation, apply combinations that check out the rightmost full adder for all eight...
-
The Cascades Swim Club has 300 shareholders, each holding one share of stock in the club. A share of club stock allows the shareholders family to use the clubs heated outdoor pool during the summer...
-
1. Why is the operations function important in implementing the strategy of an organization? Explain why the changes put in place by Victoria Chen and her team could either hurt or help the bank. 2....
-
The actual cash received from cash sales was $114,850, and the amount indicated by the cash register total was $114,975. Journalize the entry to record the cash receipts and cash sales.
-
Abbe Co. is a small merchandising company with a manual accounting system. An investigation revealed that in spite of a sufficient bank balance, a significant amount of available cash discounts had...
-
What is restricted stock? Describe how compensation expense is determined and recorded for a restricted stock award plan.
-
13. A stratified sample of size 85 is required from the 280 students studying a Business degree. The following table shows how many students are studying in each year of the degree: Year Number of...
-
ABC Company has a defined benefit pension plan. The following pension-related data were available for the year 2021: PBO: Balance, Jan. 1 Service cost Interest cost (5% discount rate) Gain from...
-
Let X denote the amount of time a randomly selected customer will spend a restaurant. Suppose the cumulative distribution function is 0 x>0 F(x)= 0x53 1 x>3 1. (2.5 points) Compute P(1 X 2), 2. (2.5...
-
Taffy Corporation (Taffy) was incorporated in 2011 when Mark Smith, Alice Chu and Sam MacDonald united their three existing companies in a business combination. Taffy is named after Smith's cat, with...
-
In Exercises 1318, find the average rate of change of the function from x 1 to x 2 . f(x) 6x from x 0 to x = 4 X2
-
Explain the regulation of the secretions of the small intestine.
-
Continental Railroad Company is evaluating three capital investment proposals by using the net present value method. Relevant data related to the proposals are summarized as follows: Instructions 1....
-
Continental Railroad Company is evaluating three capital investment proposals by using the net present value method. Relevant data related to the proposals are summarized as follows: Instructions 1....
-
Project A requires an original investment of $32,600. The project will yield cash flows of $7,000 per year for nine years. Project B has a calculated net present value of $3,500 over a six-year life....
Question Categories