Cash Short and Over Entries Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained. Date   Change Fund   Cash Register Receipt Amount   Actual Cash Counted July 2   $100   $280.70   $377.00 9     100   312.30   412.30 16     100   303.60   407.30 23     100   319.40   417.00 30     100   290.20   394.30 Determine the ending balance of the cash short and over account. $ Does it represent an expense or revenue?

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Chapter6: Bank Accounts, Cash Funds, And Internal Controls
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Cash Short and Over Entries

Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained.


Date
 
Change Fund
  Cash Register
Receipt Amount
  Actual Cash
Counted
July 2   $100   $280.70   $377.00
9     100   312.30   412.30
16     100   303.60   407.30
23     100   319.40   417.00
30     100   290.20   394.30

Determine the ending balance of the cash short and over account.
$

Does it represent an expense or revenue?

 
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