The actual cash received from the day’s cash sales was $27,214, and the amount indicated by the cash register total was $27,236. a.  What is the amount deposited in the bank for the day's sales? $fill in the blank 1 b.  What is the amount recorded for the day's sales? $fill in the blank 2 c.  How should the difference be recorded?   of $fill in the blank 4 should be recorded as

Q: a. The bank statement balance is $7,650. b. The cash account balance is $6,422 c. Outstanding checks…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings…

A: Solution We are provided with the following information Cash in checking account = $ 2,000 Cash in…

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

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A: Bank reconciliation is prepared to match the difference between the cash or bank balance as per bank…

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A: working notes : Cash a/c  beginning and ending =$8,276-$8,262=$14

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: The bank reconciliation statement is prepared to adjust the cash balance of bank statement and cash…

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: The following extract from the cash book of Jon for the month of January shows the company’s bank…

A: SOLUTION-   A cash book is a financial journal that contains all cash receipts and disbursements,…

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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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

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A: XYZ Inc. Bank Reconciliation or the month ending December 31 Particular Amount Amount Particulars…

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

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

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A: Cash short and over = Cash income recorded on tape - Cash collected = $881.40 - ($18.25 + $433.60 +…

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

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

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

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Q: At August 31, Sheridan Company has a cash balance per books of $7,750 and the following additional…

A: Adjusted Cash Balance shows the amount of money one should have in their bank accounts.

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

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A: Reconciliation statement is prepared to reconcile the balance of bank book and company's book.

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: The following extract from the cash book of John for the month of January shows the company’s bank…

A: There may be some transactions that are not recorded in the cash book but recorded in the bank…

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…

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A: Adusted cash book is prepared to find the discrepancy in the transactions which may happen during…

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A: The difference between Actual cash present and cash per book goes to the Cash Short and Over…

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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.