The following selected transactions relate to 2 days’ cash collections for a firm that maintains a $200 change fund at all times: (a) Actual cash in cash register, $5,412.36; cash receipts per cash register tally, $5,389.07. (b) Actual cash in cash register, $4,712.95; cash receipts per cash register tally, $4,722.16. Journalize the sales and cash receipts for each of the 2 days. (use correct journal format - no dates)
The following selected transactions relate to 2 days’ cash collections for a firm that maintains a $200 change fund at all times: (a) Actual cash in cash register, $5,412.36; cash receipts per cash register tally, $5,389.07. (b) Actual cash in cash register, $4,712.95; cash receipts per cash register tally, $4,722.16. Journalize the sales and cash receipts for each of the 2 days. (use correct journal format - no dates)
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 9E: Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of...
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The following selected transactions relate to 2 days’ cash collections for a firm that maintains a $200 change fund at all times:
| (a) | Actual cash in cash register, $5,412.36; cash receipts per cash register tally, $5,389.07. |
| (b) | Actual cash in cash register, $4,712.95; cash receipts per cash register tally, $4,722.16. |
Journalize the sales and cash receipts for each of the 2 days. (use correct journal format - no dates)
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