FUND.ACCT.PRIN.
25th Edition
ISBN: 9781260247985
Author: Wild
Publisher: RENT MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 8QS
To determine
Concept Introduction:
Bank Reconciliation:
Bank reconciliation is the process in which the entity reconciles its cash entries in accounts with the entries in the bank statement issued by the bank. The entity prepares bank reconciliation statements and it has two sides: Bank Side and Cash side.
To prepare:
The
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. a. The cash register’s record shows $420 of cash sales, but the count of cash in the register is $430. b. The cash register’s record shows $980 of cash sales, but the count of cash in the register is $972.
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.
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations.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
Chapter 8 Solutions
FUND.ACCT.PRIN.
Ch. 8 - Prob. 1QSCh. 8 - Prob. 2QSCh. 8 - Prob. 3QSCh. 8 - Prob. 4QSCh. 8 - Prob. 5QSCh. 8 - Prob. 6QSCh. 8 - Prob. 7QSCh. 8 - Prob. 8QSCh. 8 - Prob. 9QSCh. 8 - Prob. 10QS
Ch. 8 - Prob. 11QSCh. 8 - Prob. 12QSCh. 8 - Prob. 13QSCh. 8 - Prob. 14QSCh. 8 - Prob. 15QSCh. 8 - Prob. 16QSCh. 8 - Exercise 8-1 Analyzing internal control...Ch. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Prob. 4ECh. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Prob. 14ECh. 8 - Exercise 8-15 Liquid assets and accounts...Ch. 8 - Prob. 16ECh. 8 - Prob. 17ECh. 8 - Prob. 1PSACh. 8 - Prob. 2PSACh. 8 - Prob. 3PSACh. 8 - Prob. 4PSACh. 8 - Prob. 5PSACh. 8 - Prob. 1PSBCh. 8 - Prob. 2PSBCh. 8 - Prob. 3PSBCh. 8 - Prob. 4PSBCh. 8 - Prob. 5PSBCh. 8 - Prob. 8SPCh. 8 - Prob. 1GLPCh. 8 - Prob. 1AACh. 8 - Prob. 2AACh. 8 - Prob. 3AACh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Which of the following assets—inventory, building,...Ch. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 14DQCh. 8 - Prob. 1BTNCh. 8 - Prob. 2BTNCh. 8 - Prob. 3BTNCh. 8 - Prob. 4BTN
Knowledge Booster
Similar questions
- Enter the following transactions in a cash payments journal like the one illustrated in the chapter: Aug. 2 Issued Check No. 193 in payment of August rent (Rent Expense), 2,200. 6 Issued Check No. 194 to Mason Hardware in payment of merchandise purchased on account, 1,700, less 2% discount. The check was written for 1,666. 10 Issued Check No. 195 to Augies Wholesale for cash purchase of merchandise, 2,730.arrow_forwardTransactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.arrow_forwardEntry 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_forward
- The actual cash received from cash sales was $33,161 and the amount indicated by the cash register total was $33,185. 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 fill in the blank 2 fill in the blank 3 Cash Short and Over fill in the blank 5 fill in the blank 6 Sales fill in the blank 8 fill in the blank 9arrow_forwardRecord the journal entry for Sales and for Cash Over and Short for each of the following separate situations. The cash register’s record shows $590 of cash sales, but the count of cash in the register is $634. The cash register’s record shows $1,184 of cash sales, but the count of cash in the register is $1,142.arrow_forwardEntry for Cash Sales; Cash Short The actual cash received from cash sales was $35,699, and the amount indicated by the cash register total was $35,731. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. Cash fill in the blank 2 fill in the blank 3 Cash Short and Over fill in the blank 5 fill in the blank 6 Sales fill in the blank 8 fill in the blank 9arrow_forward
- Entry 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_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_forwardThe actual cash received from cash sales was $32,443, and the amount indicated by the cash register total was $32,473. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blankarrow_forward
- Entry for Cash Sales; Cash Over The actual cash received from cash sales was $71,315, and the amount indicated by the cash register total was $71,220. 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 Sales Cash Short and Overarrow_forwardEntry for Cash Sales; Cash Over The actual cash received from cash sales was $12,100 and the amount indicated by the cash register total was $12,074. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. 88 D Accounts Receivable Accounts Payable Cash Short and Over Petty Casharrow_forwardThe cash register tape for Shamrock Industries reported sales of $ 9,207.80. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $ 68.80. (b) Cash on hand exceeds cash reported by cash register tape by $ 37.94. (Round answ to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) swersarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Financial AccountingAccountingISBN:9781337272124Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage Learning
College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,
Financial Accounting
Accounting
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,