Brief Exercise 7-06 The cash register tape for Larkspur Industries reported sales of $10,169.80.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 $75.11. (b) Cash on hand exceeds cash reported by cash register tape by $41.90. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places (b) enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a credit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a credit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places
Brief Exercise 7-06 The cash register tape for Larkspur Industries reported sales of $10,169.80.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 $75.11. (b) Cash on hand exceeds cash reported by cash register tape by $41.90. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Transactions Account Titles and Explanation Debit Credit (a) enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places (b) enter an account title enter a debit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a credit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places enter an account title enter a credit amount rounded to 2 decimal places enter a credit amount rounded to 2 decimal places
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 51E
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Brief Exercise 7-06
The cash register tape for Larkspur Industries reported sales of $10,169.80.
Record thejournal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $75.11. (b) Cash on hand exceeds cash reported by cash register tape by $41.90. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Record the
Transactions
|
Account Titles and Explanation
|
Debit
|
Credit
|
---|---|---|---|
(a) |
enter an account title
|
enter a debit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
enter an account title
|
enter a debit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
|
enter an account title
|
enter a debit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
|
(b) | enter an account title
|
enter a debit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
enter an account title
|
enter a credit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
|
enter an account title
|
enter a credit amount rounded to 2 decimal places
|
enter a credit amount rounded to 2 decimal places
|
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