Question

Entry for Cash Sales; Cash Short The actual cash received from cash sales was $39,736, and...

Entry for Cash Sales; Cash Short

The actual cash received from cash sales was $39,736, and the amount indicated by the cash register total was $39,749.

Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank.

Cash
Cash Short and Over
Sales

Entry for Cash Sales; Cash Over

The actual cash received from cash sales was $14,820 and the amount indicated by the cash register total was $14,786.

Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank.

Cash
Sales
Cash Short and Over
Business   Accounting   
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Homework Answers

Answer #1

1.

Cash received from sales = $39,736

Cash in cash register = $39,749

Cash Short and Over = Cash in cash register - Cash received from sales

= 39,749-39,736

= $13

General Journal Debit Credit
Cash 39,736
Cash short and over 13
Sales 39,739
( To record cash received from sales and cash short and over)

2.

Cash received from cash sales = $14,820

Cash in cash register = $14,786

Cash short and over = Cash received from cash sales- Cash in cash register

= 14,820-14,786

= $34

General Journal Debit Credit
Cash 14,820
Sales 14,786
Cash short and over 34
( To record cash received from sales and cash short and over)

Kindly comment if you need further assistance.

Thanks‼!

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