Walker Department Store has one cash register. On a recent day, the cash register tape reported sales
Question:
Required:
Prepare a journal entry to record these cash collections.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Journal Date Account and Ex...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Milner Department Store has one cash register on which it performs daily cash counts. Recently, the cash count indicated that there was $9,218.47 in the register after deducting and removing the...
-
Prepare the journal entry to record Selectist Companys issuance of 104,000 shares of no-par value common stock assuming the shares: a. Sell for $15 cash per share. b. Are exchanged for land valued at...
-
C. The breaking strength of 80 "test pieces" of a certain alloy is given in the following table, the unit being given to the nearest thousand grams per square inch. Breaking strength 44-46 46-48...
-
11) log, 16 4X220 4 ky 13) log, 8+log, (1-4x)=log, 63 15) log, 3x-log, 5=4 12) Evaluate 2 log, 7776-log, 729 14) log, (x-6)+log, (x-5)=1 loge (x-6)+ log 6 (x-5' 16) log 9+ logx = 4
-
Solve Prob. 2.2 using trigonometry. Problem 2.2: Two forces P and Q are applied as shown at point A of a hook support. Knowing that 45 lb and = P= Q 15 lb, determine graphically the magnitude and...
-
Conceptual Example 7 provides useful background for this problem. Workers have loaded a delivery truck in such a way that its center of gravity is only slightly forward of the rear axle, as shown in...
-
Why are grooming and attire so important in selling? How do you know if you are dressed appropriately for a customer?
-
Advanced Automotive pays $210,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $66,000, the buildings current market value...
-
What specifically do you need to do to improve your skills in claiming value?
-
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSRs products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per...
-
Tiny Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement indicated the following: Balance, beginning of the month...
-
Hula Corp. utilizes J.P. Morgan Chase in its banking transactions. For the month of August, 2019, J.P. Morgan Chase presented Hula with its bank statement as follows: Balance, August 31, 2019...
-
Suppose a particle moves back and forth along a straight line with velocity v(t), measured in feet per second, and acceleration . (a) What is the meaning of (b) What is the meaning of (c) What is the...
-
Tucker Logistics Limited Partnership ("Tucker") has a 20% corporate general partner which uses a July 31 fiscal year and 20 individual 4% limited partners all of whom are on a calendar year. Tucker...
-
What is the main requirement of the ftc safeguards rule for tax return preparer?
-
Why did choose this topic of Factors Affecting costs and risks in manufacturing industry?
-
Identify appropriate analytical approaches and process mapping techniques process identification, workflow analysis, process map generation and analysis, spaghetti maps, RACI diagrams, etc.
-
John is investing in a chainsaw to undertake timber felling. He purchases it from Courts for $800,000 and they will carry out yearly maintenance at a cost of $60,000 for him. The chainsaw will last 5...
-
Use the data for Oklahoma and Massachusetts to test whether state and age are independent. Use = 0.05. Use the table, which lists the distribution of the ages of workers who carpool in Maine. It...
-
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
-
Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain.
-
Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain.
-
The ticket seller at a movie theater doubles as a ticket taker for a few minutes each day while the ticket taker is on a break. Which control procedure of a businesss system of internal control is...
-
Hall & Company issues $ 1 0 0 , 0 0 0 , 0 0 0 in 6 % bonds with detachable warrants of 1 0 warrants for each $ 1 , 0 0 0 bond. The bonds are issued at 9 9 . Record the issuance under the following...
-
Assume that hein acquired Dolan Development last year. Hein recorded the following intangible assets on the date of acquisition: Goodwill: $ 1 , 5 0 0 , 0 0 0 Dolan Development trademark: $ 6 0 0 , 0...
-
What is the total amount of interest that will be paid of the loan is carried to term with no extra payments made building cost 3 3 0 0 0 0 . loan started im Dec 2 0 2 3 worh a 7 . 5 % interest rate...
Study smarter with the SolutionInn App