NOVA CC - ACC 211: Connect for Financial and Managerial Accounting with PROCTORIO PLUS
NOVA CC - ACC 211: Connect for Financial and Managerial Accounting with PROCTORIO PLUS
9th Edition
ISBN: 9781265725976
Author: John Wild; Ken Shaw
Publisher: McGraw-Hill Learning Solutions
Question
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Chapter 6, Problem 8QS
To determine

Cash Over and Short:

Sometimes cash count in the box does not match the cash recorded as per the register. When the cash count is more than what was recorded, it is called cash overage. When the cash count falls short of what was recorded, it is called a cash shortage.

To record:

The journal entry for sales and cash over & short for the given situations.

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Students have asked these similar questions
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
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 $590 of cash sales, but the count of cash in the register is $634. The cash register’s record shows $1,184 of cash sales, but the count of cash in the register is $1,142.
Record the journal entry for Sales and for Cash Over and Short for each of the following separate situations. a. The cash register’s record shows $420 of cash sales, but the count of cash in the register is $430. b. The cash register’s record shows $980 of cash sales, but the count of cash in the register is $972.
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