On June 4, Marie Company had cash sales rung up by cashiers totaling $120,500. Cash in the drawer was counted and found to be $126,000. The journal entry to record the sales for June 4, would include a: Multiple Choice debit to Sales Revenue for $120,500. debit to Cash for $120,500. credit to Sales Revenue for $126,000. credit to Cash Overage for $5,500.

On June 4, Marie Company had cash sales rung up by cashiers totaling $120,500. Cash in the drawer was counted and found to be $126,000. The journal entry to record the sales for June 4, would include a: Multiple Choice debit to Sales Revenue for $120,500. debit to Cash for $120,500. credit to Sales Revenue for $126,000. credit to Cash Overage for $5,500.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 4CE

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