FINANCIAL ACCT.FUND.(LOOSELEAF)
7th Edition
ISBN: 9781260482867
Author: Wild
Publisher: MCG
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Chapter 6, Problem 5QS
Cash Over and Short P1
Record the
- The cash register's record shows $420 of cash sales, but the count of cash in the register is $430.
- The cash register's record shows $980 of cash sales, but the count of cash in the register is $972.
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Urmila ben
Entry for cash sales; cash short
The actual cash received from cash sales was $35,440, and the amount indicated by the cash register total was $35,474.
Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank.
Entry for Cash Sales; Cash Over
The actual cash received from cash sales was $14,953 and the
amount indicated by the cash register total was $14,922.
Journalize the entry to record the cash receipts and cash sales. If
an amount box does not require an entry, leave it blank.
00
Chapter 6 Solutions
FINANCIAL ACCT.FUND.(LOOSELEAF)
Ch. 6 - Prob. 1MCQCh. 6 - Prob. 2MCQCh. 6 - Prob. 3MCQCh. 6 - Prob. 4MCQCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQCh. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQ
Ch. 6 - Prob. 7DQCh. 6 - Prob. 8DQCh. 6 - Prob. 9DQCh. 6 - Prob. 10DQCh. 6 - Prob. 11DQCh. 6 - Prob. 12DQCh. 6 - Prob. 13DQCh. 6 - Prob. 1QSCh. 6 - Prob. 2QSCh. 6 - Prob. 3QSCh. 6 - Prob. 4QSCh. 6 - Cash Over and Short P1 Record the journal entry...Ch. 6 - Prob. 6QSCh. 6 - Prob. 7QSCh. 6 - Prob. 8QSCh. 6 - Prob. 9QSCh. 6 - Prob. 10QSCh. 6 - Prob. 11QSCh. 6 - Prob. 1ECh. 6 - Prob. 2ECh. 6 - Prob. 3ECh. 6 - Prob. 4ECh. 6 - Prob. 5ECh. 6 - Prob. 6ECh. 6 - Prob. 7ECh. 6 - Prob. 8ECh. 6 - Prob. 9ECh. 6 - Prob. 10ECh. 6 - Prob. 11ECh. 6 - Prob. 12ECh. 6 - Prob. 13ECh. 6 - Prob. 14ECh. 6 - Prob. 15ECh. 6 - Prob. 16ECh. 6 - Prob. 1PSACh. 6 - Prob. 2PSACh. 6 - Prob. 3PSACh. 6 - Prob. 4PSACh. 6 - Prob. 5PSACh. 6 - Prob. 1PSBCh. 6 - Prob. 2PSBCh. 6 - Prob. 3PSBCh. 6 - Prob. 4PSBCh. 6 - Prob. 5PSBCh. 6 - Prob. 6SPCh. 6 - Prob. 1GLPCh. 6 - Prob. 1AACh. 6 - Prob. 2AACh. 6 - Prob. 3AACh. 6 - Prob. 1BTNCh. 6 - Prob. 2BTNCh. 6 - Prob. 3BTNCh. 6 - Prob. 4BTNCh. 6 - Prob. 5BTNCh. 6 - Prob. 6BTN
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Entry for Cash Sales; Cash Short The actual cash received from cash sales was $18,371, and the amount indicated by the cash register total was $18,400. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash Cash Short and Over Salesarrow_forwardEntry for Cash Sales; Cash Over The actual cash received from cash sales was $14,806 and the amount indicated by the cash register total was $14,778. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.arrow_forwardEntry for Cash Sales; Cash Short The actual cash received from cash sales was $31,072 and the amount indicated by the cash register total was $31,093. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.arrow_forward
- 46 )arrow_forwardEntry for cash sales; cash over The actual cash received from cash sales was $315,280, and the amountindicated by the cash register total was $315, 150. Journalize the entry torecord the cash receipts and cash sales.arrow_forwardA cash register tape shows cash sales of $1300 and HST of $195. The journal entry to record this information is: Cash Sales о Cash Sales HST Payable Cash Sales Tax Revenue Sales 1300 1300 1495 1300 195 1495 195 1300 ° Cash 1300 Sales Tax Expense 195 Sales 1495arrow_forward
- The balances of the accounts as of June 30 have been recorded in the general ledger. Notice the word Balance in the Item column, the check mark in the Post. Ref. column, and that the amount is in the Balance column only. This indicates a balance brought forward from a prior page or month.2. Post the amounts to the general ledger account for Cash. List the accounts in chronological order. If no amount is required, leave the entry box blank. ACCOUNT Cash ACCOUNT NO. 111 DATE ITEM POST.REF. DEBIT CREDIT BALANCE DEBIT CREDIT 20-- June 30 Balance ✓ 37,485 July fill in the blank a3ca46fbefa5fa8_1 21 fill in the blank a3ca46fbefa5fa8_2 fill in the blank a3ca46fbefa5fa8_3 fill in the blank a3ca46fbefa5fa8_4 fill in the blank a3ca46fbefa5fa8_5 fill in the blank a3ca46fbefa5fa8_6 21 fill in the blank a3ca46fbefa5fa8_7 fill in the blank a3ca46fbefa5fa8_8 fill in the blank a3ca46fbefa5fa8_9 fill in…arrow_forwardBEJ-7 Merando Computer Components Inc. uses a multi-column cash receipts journal. Indicate which column(s) is/are posted only in total, only daily, or both in total and daily. (a) Accounts Receivable. (c) Cash. (b) Sales Discounts. (d) Other Accounts.arrow_forwardThe following account balances come from the records of Ourso Company: Beginning Balance $3,099 Ending Balance $3,860 Accounts receivable Allowance for doubtful accounts 127 175 During the accounting period, Ourso recorded $11,150 of sales revenue on account. The company also wrote off a $177 account receivable. Required a. Determine the amount of cash collected from receivables. b. Determine the amount of uncollectible accounts expense recognized during the period. a. Collections of accounts receivable b. Uncollectible accounts expensearrow_forward
- A company has a petty cash fund amount of $200. When replenished, it has petty cash tickets of $31 for gas expense, $31 for postage expense, $15 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for O A. $77 O B. $74 O C. $89 O D. $62arrow_forward$162 petty cash fund has cash of $37 and receipts of $124. The journal entry to replenish the account would include a a) credit to Petty Cash for $124. b) credit to Cash Over and Short for $1. c) debit to Cash for $124. d) credit to Cash for $125.arrow_forwardYour Answer correct A cash register tape reflected total sales equaling $100, but the cash in the cash register drawer equaled $105, Review the statements below and determine which is correct regarding this discrepancy. The extra $5 collected will be treated as a miscellaneous revenue. The Sales account will be credited for $105. Reason: It will be credited for $100. The Cash Over and Short account will be debited for $5. Reason: It will be credited for $5. The Cash Over and Short account can be debited or credited. In this situation, it will be credited The Cash Over and Short account will be credited for $5 The Sales account will be credited for $100. The Cash account will be debited for $105. Darrow_forward
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