The actual cash received from cash sales was $19,040, and the amount indicated by the cash register
Question:
a. What is the amount deposited in the bank for the day’s sales?
b. What is amount recorded for the day’s sales?
c. How should the difference be recorded?
d. If a cashier is consistently over or short, what action should be taken?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
a The amount deposited in the bank for the days sal...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256. Journalize the entry to record the cash receipts and cash sales.
-
The actual cash received from cash sales was $36,183, and the amount indicated by the cash register total was $36,197. Journalize the entry to record the cash receipts and cash sales.
-
The actual cash received from cash sales was $36,183, and the amount indicated by the cash register total was $36,197. a. What is the amount deposited in the bank for the days sales? b. What is the...
-
The wheelbarrow and its contents have a center of mass at G. If F = 100 N and the resultant moment produced by force F and the weight about the axle at A is zero, determine the mass of the...
-
Northrop Grumman Corporation is a global defense company headquartered in Los Angeles, California. Northrop Grumman provides a broad array of products and services related to defense electronics,...
-
Interview the marketing manager of a local college or professional sports organization and develop a list of the uncontrollable factors that were unexpected throughout the last season.
-
The following is the stockholders' equity of Laker Corporation at January 1: The following transactions, among others, occurred during the year: Jan. 15 Issued 2,000 shares of preferred stock for...
-
The manager of Snyders Garden Center must make the annual purchasing plans for rakes, gloves, and other gardening items. One of the items the company stocks is Fast- Grow, a liquid fertilizer. The...
-
Shay has landed a management position with a pioneering new small business after many years of working as a regional manager for a nationally known nonprofitAs Shay starts her new job, she is likely...
-
The truss shown consists of nine members and is supported by a ball and socket at B, a short link at C, and two short links at D. (a) Check that this truss is a simple truss, that it is completely...
-
The actual cash received from cash sales was $41,568, and the amount indicated by the cash register total was $41,610. a. What is the amount deposited in the bank for the days sales? b. What is the...
-
The following data were accumulated for use in reconciling the bank account of Ross Co. for March 20Y9: a. Cash balance according to the companys records at March 31, $29,945. b. Cash balance...
-
The drug patch shown in the figure in the next column releases a water-soluble epidermal growth factor (species A) to repair a specific region of wounded tissue on the human body. A slow release of...
-
Presented below is information related to Sunland Company. 1. Net Income [including a discontinued operations gain (net of tax) of $99,000] $290,000 2 Capital Structure a. Cumulative 5% preferred...
-
Calculate the operating cash flow for the year 2017. Income Statement Accounts for the Year Ending 2017 Cost of Goods Sold Interest Expense Taxes Revenue SG&A Expenses Depreciation $1,419,000 $...
-
The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,100 Expenses Cost of goods sold $ 51,775 Depreciation expense 7,800 Salaries expense 11,900...
-
One of the most difficult challenges that cities are forced to face is the task of ensuring that there is a sufficient supply of water that is both clean and safe. This can be a difficult task...
-
Identify the error in each sentence. Tom jumped at the chance to invest in the company. Because he thought it had real potential to be successful The bank helps all sorts of start-up businesses for...
-
(a) Load is applied to the three-hinged trussed arch in Figure P12.40 through the upper chord panel points by a floor beam and stringer floor system. Draw the influence lines for the horizontal and...
-
A glass manufacturer produces hand mirrors. Each mirror is supposed to meet company standards for such things as glass thickness, ability to reflect, size of handle, quality of glass, color of...
-
Define and explain the concept of financial statement articulation. What insight comes from understanding articulation?
-
A business using the retail method of inventory costing determines that merchandise inventory at retail is $950,000. If the ratio of cost to retail price is 66%, what is the amount of inventory to be...
-
A business using the retail method of inventory costing determines that merchandise inventory at retail is $880,000. If the ratio of cost to retail price is 65%, what is the amount of inventory to be...
-
A business using the retail method of inventory costing determines that merchandise inventory at retail is $375,000. If the ratio of cost to retail price is 60%, what is the amount of inventory to be...
-
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $21,950,000, with the promise to buy them back at a price of...
-
You are in discussions to purchase an option on an office building with a strike price of $55 million. The building is currently valued at $50 million. The option will allow you to purchase the...
-
The method of computing depreciation that is used by most companies because it is the easiest to use and records the same amount of depreciation for each full year of usage of the fixed asset is the...
Study smarter with the SolutionInn App