Cash Short and Over Entries Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained. Cash Register Actual Cash Date Change Fund Receipt Amount Counted July 2 $100 $291.40 $388.00 100 311.30 411.30 16 100 302.50 405.90 23 100 318.20 416.00 30 100 297.50 401.10 Required: 1. Prenare the journal entries to record the cash service
Cash Short and Over Entries Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained. Cash Register Actual Cash Date Change Fund Receipt Amount Counted July 2 $100 $291.40 $388.00 100 311.30 411.30 16 100 302.50 405.90 23 100 318.20 416.00 30 100 297.50 401.10 Required: 1. Prenare the journal entries to record the cash service
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.6E
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