EX.08.160.ALGO The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Journalize the transactions for each of the two days of cash receipts from sales. a. Actual cash in cash register, $5,086 cash receipts per cash register tally, $5,087. b. Actual cash in cash register, $5,896 cash receipts per cash register tally, $5,770. If an amount box does not require an entry, leave it blank. a. fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9 b. fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18
The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Journalize the transactions for each of the two days of cash receipts from sales.
a. Actual cash in cash register, $5,086 cash receipts per cash register tally, $5,087.
b. Actual cash in cash register, $5,896 cash receipts per cash register tally, $5,770.
If an amount box does not require an entry, leave it blank.
| a. | fill in the blank 2 | fill in the blank 3 | |
| fill in the blank 5 | fill in the blank 6 | ||
| fill in the blank 8 | fill in the blank 9 | ||
| b. | fill in the blank 11 | fill in the blank 12 | |
| fill in the blank 14 | fill in the blank 15 | ||
| fill in the blank 17 | fill in the blank 18 |
Journal entries is the way of recording financial transactions that shows company's debit and credit balances. Journal entries are usually recorded in general ledger or in subsidiary ledger that is summarized for creating financial statements for a business to present the financial position of a company.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
