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.

Q: The actual cash received from cash sales was $33,161 and the amount indicated by the cash register…

A: Working: Cash received = $33,161 Cash Register = $33,185 Cash Short = $33,185 - $33,161 = $24 Sales…

Q: Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by…

A: Cash Receipts Journal: It is a type of special journal where the transactions are accounted for the…

Q: Required a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine…

A: Given is: Accounts receivable on July 1 = $330,000 100% accounts receivables are collected in the…

Q: At the end of the day, the cash register tape lists $885.69 as total income from services. Cash on…

A: Journal entry: The record of business transactions in a chronological order in the journal is…

Q: The actual cash received during the week ended June 6 for cash sales was $8,276 and the amount…

A: working notes : Cash a/c  beginning and ending =$8,276-$8,262=$14

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Given, Actual cash received from cash sales = $83,452 Amount indicated by the cash register =…

Q: The actual cash received from cash sales was $12,100 and the amount indicated by the cash register…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The cash register tape for Oriole Industries reported sales of $28,002.00. Record the journal entry…

A:

Q: Entry for cash sales; cash overThe actual cash received from cash sales was $315,280, and the amount…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Journal: Journal is the method of recording monetary business transactions in chronological order.…

Q: In reconciling a bank statement, when a check from the previous month appears on the bank statement…

A: A Bank Reconciliation Statement is a statement prepared on a particular day to reconcile the Bank…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

A: Journals: Recording of a business transactions in a chronological order. First step in the…

Q: Lite Travel Company's accounting records include the following information: Payments to suppliers…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: The actual cash receivec from cash sales was 914 amount indicated by the cash register total was $…

A: A journal entry is a record of a business' financial transactions that is preserved in its…

Q: The amount of cash to be reported on the balance sheet at June 30 is the Oa. total of the Cash…

A: Cash: Cash is the money which is readily available in the form of currency. Since cash can be easily…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,806 and the amount…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Record the journal entry for Sales and for Cash Over and Short for each of the following separate…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Entry for Cash Sales; Cash Short The actual cash received from cash sales was $30,376 and the…

A: A journal is a book of original entry in which financial transactions of the business are recorded…

Q: Prepare the summary entries necessary to determine the amount of cash received from customers for…

A: The account receivables are also known by the name of debtors. These are the values due to a firm on…

Q: The cash register tape for Shamrock Industries reported sales of $9,207.80. Record the journal entry…

A: Journal entries…

Q: Required: (cashbook and bank statement attatched as images) (i)Calculate the balance as per the…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Journalizing Cash Receipts Enter the following transactions in a cash receipts journal: Nov. 1 Jean…

A: Journal Entry:- Journal entry is the process of recording business transactions either economic or…

Q: A cash register tape shows cash sales of $8200 and sales taxes of $410. The journal entry to record…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: The actual cash received from cash sales was $34,936, and th amount indicated by the cash register…

A: Solution: Entry to record cash sales is as under:

Q: The

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Journalize the entries to record the following: June 1   Established a petty cash fund of $200.…

A: Journal Entry It is used to record the business transactions in an accounting systems.

Q: The actual cash received from cash sales was $30,378 and the amount indicated by the cash register…

A: Definition:   Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: Journalizing Cash Receipts Enter the following transactions in a cash receipts journal: July 6…

A:

Q: Consider the following information taken from the cash account. Assume cash payments were 80% of…

A: Cash: Cash is the money which is readily available in the form of currency. Since cash can be easily…

Q: The actual cash received from cash sales was $14,953 and the amount indicated by the cash register…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Given the following information, compute the correct cash balance using the adjusted method. Write…

A: A bank reconciliation statement is prepared by the business entity at a certain time period to match…

Q: Entry for cash sales; cash over The actual cash received from cash sales was $315,280, and the…

A: Journal entry Journal entry is a set of economic events which can be measured in financial terms.…

Q: Entry for Cash Sales; Cash Over The actual cash received from cash sales was $71,315, and the…

A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…

Q: The actual cash received from cash sales was $71,315, and the amount indicated by the cash register…

A: A journal entry is prepared by the company to record the non-economic & economic transactions of…

Q: Please Help

A: Record the necessary cash adjustments as shown below:

Q: Entry for cash sales; cash short Instructions Chart of Accounts Journal Instructions The actual cash…

A: The question is related to Journal Entry. The details of transaction is given.

Q: Entry for cash sales; cash short The actual cash received from cash sales was $83,452, and the…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Entry for Cash Sales; Cash Short The actual cash received from cash sales was $35,699, and the…

A: The amount received from cash sales is recorded by debiting the cash account and crediting the sales…

Q: Required: 1. Prepare the bank reconciliation for this company as of July 31. Bank statement balance…

A: Introduction: When at the end of the particular period, cash balance and bank balance do not match,…

Q: The actual cash received from cash sales was $18,371, and the amount indicated by the cash register…

A: The difference between the cash sale and cash recorded in the cash register is called as cash short…

Q: Consider the following information taken from the cash account. Assume cash payments were 80% of…

A: Beginning balance Add:  Collections Less:  Disbursements   Ending balance

Q: On March 1, the actual cash received from cash sales was $25,538, and the amount indicated by the…

A: Cash over and (short) = Cash received - Actual sales = $25,538 - $25,670 = $132

Q: The actual cash received from cash sales was $13,712 and the amount indicated by the cash register…

A: The cash register records all the cash transactions of a company. It includes all the cash payments…

Q: 1.Journalize and post transactions on account to the cash payments j ournal   2.Complete the petty…

A: Journal Entry Journalizing is one of the important process in accounting which gives the path to the…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is