Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. The cash register’s record shows $420 of cash sales, but the count of cash in the register is $430. The cash register’s record shows $980 of cash sales, but the count of cash in the register is $972

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: The actual cash received from cash sales was $36,006, and the amount indicated by the cash register…

A: Cash short and over = Cash sales - cash received = $36,010 - $36,006 = $4

Q: The following selected transactions relate to cash collections for a firm that maintains a $100…

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

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: 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: at the end of the day, the cash register's record shows $1,272, but the count of cash in the cash…

A: The cash short and over records the difference in amount of cash register and cash count. It can…

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

A: Journal entries…

Q: At the end of the day, the cash register's record shows $1,286, but the count of cash in the cash…

A: The petty cash fund is generally used for recording different small expenses and is replenished…

Q: The following information is available to reconcile Branch Company’s book balance of cash with its…

A: Given: Debited balance in cash account = $ 27,497 Cash balance in July = $ 27,233 Amount in Cheque…

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: Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the…

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 $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: On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Journal entry is a process of recording and classifying business transactions into books of accounts…

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: 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: 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: 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 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: 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: 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: 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: 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 following selected transactions relate to cash collections for a firm that maintains a $100…

A: Journal entry is a primary entry that records the financial transactions initially.. Cash is debited…

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,…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.