The daily sales for Sunny Fruit & Vegetable Shop during the week ended 5 April 2019 were

Question:

The daily sales for Sunny Fruit & Vegetable Shop during the week ended 5 April 2019 were as follows.

image text in transcribed

Required

Record the transactions for the week ended 5 April 2019 in the cash receipts journal of Sunny Fruit & Vegetable Shop, set out as below, and prepare a general journal entry for cash short and over if necessary.

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

See More Books

Question Posted: Mar 09, 2024 06:01 AM

See More Questions

The daily sales for Sunny Fruit & Vegetable Shop during the week ended 5 April 2016 were as follows: Total sales (including GST) Sales on account Banked April 2016 Monday 1 Tuesday 2 Wednesday 3...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
During the week ended 12 September 2019 the daily sales for Calums Chocolaterie were as follows. Required Record the transactions for the week ended 12 September in the cash receipts journal of...
Which do you feel is more important for a new business: the income statement or the statement of ash flow? Why?
The manager of the main laboratory facility at Elmhurst Health Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies...
What are the four concepts that are essential to the extended object-oriented approach to software development?
A consumer testing service is commissioned to rank the top 3 brands of laundry detergent. Ten brands are to be included in the study. a. In how many different ways can the consumer testing service...
Providence Assessment Center screens and trains employees for a computer assembly firm in Boston. The progress of all trainees is tracked, and those not showing the proper progress are moved to less...
where would the amount of money budgeted for direct labor during the year be reflected? 1. raw materials purchase budget 2. budgeted balance sheet 3. cash collections budget 4. budgeted schedule of...
The bank reconciliation statement of Feng Zhen Liu on 21 June 2019 was as shown below. The cash receipts and cash payments journals for the week ending 28 June were as follows. Feng Zhen Lius bank...
Overton Pty Ltd is a private company that runs a coffee shop. Its owner, Carl, is concerned that the cash flows for the past year have deteriorated and has provided the following abridged versions of...
Use the rounding rules to round the following. 99.995 =
Question 1 [40 marks] (a) Table 1 present experimental data related to the absorbance of two compounds over a range of concentration, in a UV-Vis cell with path length I = 1.0 cm. From this table:...
i. The following table presents data on wholesale gas prices for the major capital cities in the Eastern-half of Australia, from 2011-12 to 2022-23. Use this data to construct a single, time-series...
Problem 1 Using the same Fourier-Method approach as used in lecture, consider a beam loaded as shown below. 290 -q. Cos 280 x Shane land V-280 Distributed load w = =-80 . Cos[X] a. What are the...
Think about a Floor Warden training program for that company - and write me another email (attached here as a Word document) as if I were the leader of your organization to tell me about the...
A particle travels around the curve shown, following ? = ? 0 . 2 ? ? , ?with ? ( ? ) = 0 . 5 ? 2 rad. At the moment ? = ? , ?determine the speed and acceleration of the particle. ? = , ? ? ? = , ? ?...
If a sample mean is 1,000 and the sample standard deviation is 250, determine the standardized value for a. x = 800 b. x = 1,200 c. x = 1,000
Presented below are income statements prepared on a LIFO and FIFO basis for Kenseth Company, which started operations on January 1, 2024. The company presently uses the LIFO method of pricing its...
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (a) Net income is $317,000. (b) Cash dividends declared and...
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (a) Net income is $317,000. (b) Cash dividends declared and...
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (a) Net income is $317,000. (b) Cash dividends declared and...
Al preparar el estado de resultados pro forma, cules de las siguientes partidas se deducen de las utilidades brutas para llegar a las ganancias despus de impuestos? Pregunta de seleccin mltiple....
Lawson Inc. is expanding its manufacturing plant, which requires an investment of $4 million in new equipment and plant modifications. Lawson's sales are expected to increase by $3 million per year...
20 On January 1, Year 1, X Company purchased equipment for $80,000. The company estimates that the equipment will have a useful life of 10 years and a residual value of $5,000. X Company depreciates...

The daily sales for Sunny Fruit & Vegetable Shop during the week ended 5 April 2019 were

Question:

Total sales Sales on account Banked April 2019 Monday 1 $4912 $ 842 $4104 Tuesday 2 5044 886 4156 Wednesday 3 5286 930 4356 Thursday 4 5568 992 4350 Friday 5 6070 1054 5084

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions