The actual cash received from cash sales was $13,712 and the amount indicated by the cash register total was $13,688. 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: 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 following information is available to reconcile Branch Company's book balance of cash with its…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

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

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

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 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 $14,953 and the amount indicated by the cash register…

A: Journal is the book where transactions are originally recorded.  Journal entry: A journal entry is…

Q: What total amount should be reported as “cash” at year-end?

A: Cash and cash equivalents are the items which are classified as the most liquid assets on the…

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: 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: 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: 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: What total amount should be reported as cash at year-end? Affable Company provided the following…

A: Cash = Cash on hand + Cash in bank -demand deposit+ Money order + traveller check + Manager…

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 following information is available to reconcile Severino Co.’s book balance of cash with its…

A: A bank reconciliation statement refers to a outline of banking and business movement that…

Q: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

A: JOURNAL ENTRY FOR REPLENISHMENT :  PARTICULARS DEBIT CREDIT SUNDRY EXPENSE $134   CASH…

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: The following data were taken from the cash journals of Xanthous Company: Cash Receipt Journal Cash…

A: 1 cheque deposited in January but credited to bank account paasbook in February worth 6,00,000 so no…

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: 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: 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: Burlywood Corp.'s ledger balance of cash as on December 31 is $4,425. It provides the following…

A: Bank reconciliation statement is used to determine the differences between the bank statement…

Q: he actual cash received from cash sales was $36,728 and the amount indicated by the cash register…

A: Cash Sales - Cash Sales are the Sales made in consideration of cash. In this transaction cash is…

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 $71,315, and the…

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

Q: Prepare a bank reconciliation for Banner, Inc., at July 31. b. Prepare journal entries (in general…

A:

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 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: he company records a deposit of $34,956 as $33,956 in the book. What is the entry to correct the…

A: Solution: Actual deposit = $34,956 Recorded amount = $33,956 Short amount recorded in books =…

Q: A company's general ledger shows a cash balance of $2,350. Comparing the company's cash records with…

A: Correct balance of cash = Cash balance as per general ledger + Adjustments

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: 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: 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: 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.…

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