ournal 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.

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: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

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: Jeremiah Restoration Company completed the following selected transactions during January: Jan.…

A: Petty Cash Petty cash is refer as the small amount of money which are used for an expenditure, where…

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

A: The term cash over & short is basically used in case of petty cash transactions. It shows the…

Q: The actual cash received from cash sales was $37,650 and the amount indicated by the cash register…

A: Given, Actual cash receievd = $37,650 Amount indicated by cash register = $37,653

Q: Show the journal entry to record the cash sales for the day.

A: Journal entry: - Journal entry is the entry that we make for the transactions happening in the…

Q: Jeremiah Restoration Company completed the following selected transactions during January:Jan. 1.…

A: Petty cash fund:Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: The actual cash received during the week ended June 7 for cash sales was $18,523, and the amount…

A: Cash receipts are cash received from customers. Cash sales means when customer pays cash on account…

Q: Use the following information to prepare a Statement of Cash Flows for the month.    Bank balance…

A: Cash flow statement is a statement which shows the cash position of the company i.e. cash inflow and…

Q: Cedar Springs Company completed the following selected transactions during June: June 1.…

A: Date General Journal       Debit Credit                     1-Jun Petty cash       1,310…

Q: what were the cash collections from customers during the period?

A:

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

A: Prepare journal entry to record the cash receipts and cash sales:

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: Entry for Cash Sales; Cash Short The actual cash received from cash sales was $31,072 and the amount…

A: Journal entry of cash receipt and cash sale Date Particulars Post. Ref Amount ( Dr.) Amount( Cr)…

Q: At the end of the day, the cash register tape shows $1,380 in cash sales but the count of cash in…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

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

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

Q: The Cash Receipts Journal of the Company shows the following accounts and account balances:•Sales P…

A: Solution Given Sales P 125,000 Accounts receivable 65,000 Sundry accounts (credit) 1,802,650 Sales…

Q: The actual cash received during the week ended June 7 for cash sales was $19,081, and the amount…

A: Cash over/(short)=$19,081-$19,023=$58

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 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: At the end of each day, Spangle counts the cash in its cash registers. Spangle then compares the…

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

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: Cedar Springs Company completed the following selected transactions during June:June 1. Established…

A: Journal entry 1: Establish petty cash fund.

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: The Cash Receipts Journal of the Marites Co shows the following accounts and account balances Sales…

A: cash receipt journal records cash receipt from the cash sales, receipt from accounts receivable and…

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

A: Cash Over or Short Journal Entry A cash over or short journal entry mostly occurs in a retail type…

Q: The cashier for Bell Buoy rang up sales totaling $5,100, but had $5,110 to deposit, which journal…

A: Journal is the first book where the transactions are originally recorded. Further, a journal entry…

Q: At the end of the day, the cash register tape shows $1,360 in cash sales, but the count of cash in…

A: Count of cash in the register is debited and the sales are credit. The difference is transferred to…

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: The actual cash received during the week ended June 7 for cash sales was $18,163, and the amount…

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

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: The following data are obtained from the single-entry records kept by Jefford Merchandising for…

A: 1. Here we will prepare the Accounts receivable A/c where We will calculate credit Sales as Balance…

Q: At the end of the day, the cash register tape shows $1,360 in cash sales, but the count of cash in…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: Jeremiah Restoration Company completed the following selected transactions during January.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

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: The actual cash received from cash sales was $49,822 and the amount indicated by the cash register…

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

Q: Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

A: Petty cash fund:   Petty cash fund is a fund established to pay insignificant amounts like postage,…

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