The cash register tape for Sheridan Industries reported sales of $27,292.00.Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash onhand by $53.50. (b) Cash on hand exceeds cash reported by cash register tape by $22.00. (Credit account titles are automatically indentedwhen amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)No. Account Titles and ExplanationDebitCredit(a)(b)

Sales = $27,292 Situation A: Sales per cash register tape > cash on hand by $53.50. The journal…

Answered: The cash register tape for Sheridan…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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