At the end of the day, the cash register tape lists $881.40 as total income from services. Cash on hand consists of $18.25 in coins, $433.60 in currency, $100.00 in traveler's checks, and $427.00 in customers' checks. The amount of the Change Fund is $100. Required: Record the entry to record the day's cash revenue. If an amount box does not require an entry, leave it blank.

Q: At the end of the day, the cash register tape lists $1,021.18 as total income from services. Cash on…

A:

Q: At November 30, Mazaya Company has the following bank information. cash balance per book RO4.600,…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: The following selected transactions relate to cash collections for a firm that maintains a $100…

A: Journal entry:   Journal entry is a set of economic events which can be measured in monetary terms.…

Q: At the end of the day, the cash register tape lists $885.69 as total income from services. Cash on…

A: Journal entry: The record of business transactions in a chronological order in the journal is…

Q: The following information is available to reconcile Branch Company’s book balance of cash with its…

A: A journal entry is a summary of a company's financial activities held in its accounting records.

Q: A Company provided the following information at year-end comprising the cash account:   Cash in…

A: Cash and cash equivalents consist of -  Cash in hand  cash at bank  travelers check managers check…

Q: The following data pertaining to the cash transactions and bank account of Ella Company for the…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: The check register of Clover Co. indicated a cash balance of $1,580.12 January 1. During the month…

A: Ending cash balance will be beginning cash balance plus total deposit minus total disbursement.

Q: Stephanie Jo Company established a petty cash fund of $300 on May 1. At the end of the month, the…

A: Any shortfall in cash or petty cash account shall be charged to P/L.

Q: On March 4, Micro Sales makes $12,300 in sales on bank credit cards which charge a 1% service charge…

A: In the case of credit card sales, there can be 2 Instances: 1st Instance: Payment Received by the…

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A: The cash short and over records the difference in amount of cash register and cash count. It can…

Q: vailable to reconcile Branch Company’s book balance of cash with its bank statement cash balance as…

A: Bank reconciliation is a statement prepared for the purpose of reconciling the differences between…

Q: The following information is available to reconcile Branch Company's book balance of cash with its…

A: Bank reconciliation statement is a statement prepared at the end of the reporting period to…

Q: epare a bank reconciliation Statement at September 30

A: Bank Reconciliation Statement: In the banking scenario, the account and mirror account having the…

Q: The actual cash received during the week ended June 7 for cash sales was $18,523, and the amount…

A: Cash receipts are cash received from customers. Cash sales means when customer pays cash on account…

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A company's Cash account shows a balance of $3,410 at the end of the month. Comparing the company's…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: On September 1, Bartoletti Company established a petty cash fund for $100. On September 10, the…

A: >Petty Cash fund is created out of cash account to pay off certain small and petty amounts of…

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A: Workings: On June 30, 20X0 cash book shown overdraft balance of $ 300

Q: What total amount should be reported as cash at year-end? Affable Company provided the following…

A: Cash = Cash on hand + Cash in bank -demand deposit+ Money order + traveller check + Manager…

Q: petty cash fund

A: Petty cash fund means the fund created out of cash designated to meet the daily needs of business.

Q: At the end of the day, the cash register tape lists $881.40 as total income from services. Cash on…

A: Cash short and over = Cash income recorded on tape - Cash collected = $881.40 - ($18.25 + $433.60 +…

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A:

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A: About Petty cash is a little  amount of money that is keep on the company premises to pay for…

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Q: At August 31, Sheridan Company has a cash balance per books of $7,750 and the following additional…

A: Adjusted Cash Balance shows the amount of money one should have in their bank accounts.

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A: Journal- A general journal entry is used to visualize the business transactions of any organization.…

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A: Solution:- Preparation of the necessary entries to adjust the balance of cash as follows under:-

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Q: Egad Company provided the following information for October and November: Checks and charges…

A: Working notes:

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Q: On December 31, 2020, TEJ Company had a cash balance per books of $8,664. The statement from DUABI…

A: Given: Cash balance = $8,664 Balance from Islamic bank = $15,900

Q: On 30 June 20x0, Cook's cash book showed that he had an overdraft of $300 on his current account at…

A: Cash book refers to the statement which comprises of all the receipts and payments of cash.

Q: debit memoranda accompany the bank statement: one for $9 was for service charges for the month; the…

A: BRS is the reconciliation of Pass book balance and Cash book balance.

Q: Carson's Bakery requires $500 cash to be on hand in the petty cash fund. During the month of October…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Using Excel to Determine the Adjusted Cash Balance PROBLEM For the month of August, Pratt Company…

A: Adusted cash book is prepared to find the discrepancy in the transactions which may happen during…

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A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: The actual cash received from cash sales was $13,712 and the amount indicated by the cash register…

A: The cash register records all the cash transactions of a company. It includes all the cash payments…

Q: The actual cash received during the week ended June 7 for cash sales was $19,001, and the amount…

A: The difference between Actual cash present and cash per book goes to the Cash Short and Over…

Q: Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the…

A: SOLUTION PETTY CASH IS A SMALL AMOUNT OF CASH THAT IS KEPT ON THE COMPANY PREMISES TO PAY FOR THE…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.