The actual cash received from cash sales was $66,670, and the amount indicated by the cash register
Question:
The actual cash received from cash sales was $66,670, and the amount indicated by the cash register total was $66,341. Journalize the entry to record the cash receipts and cash sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Since the cash register was short this implies that 329 of cash sales were not deposited The jou...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
Casa Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues January $55,000 February 75,000 March 90,000 April 80,000 May 60,000 June 35,000 Past experience has indicated...
-
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.
-
One way to delete nodes from a known position in a leftist heap is to use a lazy strategy. To delete a node, merely mark it deleted. When a findMin or deleteMin is performed, there is a potential...
-
Explain why the market demand curve for labor is not simply the horizontal addition of firms demand curves for labor.
-
Audit Strategy Memorandum. The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan. In establishing...
-
ADDITIONAL FUNDS NEEDED Morrissey Technologies Inc.s 2014 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2014 Cash $ 180,000 Accounts payable $...
-
Alpha Company purchased 30% of the voting common stock of Beta Company on January 1 and paid $500,000 for the investment. Beta Company reported $100,000 of earnings for the year and paid $40,000 in...
-
The adjusted trial balance shown below is for Willett Real Estate at the end of its reporting period 30 June 2021. Debit $ Credit $ 100-Cash at bank 10400 101-Accounts receivable 9400 102-Office...
-
Angus Walker, CFA, is reviewing the defined benefit pension plan of Acme Industries. Based in London, Acme has operations in North America, Japan, and several European countries. Next month, the...
-
Autumn Designs & Decorators issued a 120-day, 5% note for $93,000, dated April 13 to Zebra Furniture Company on account. a. Determine the due date of the note. b. Determine the maturity value of the...
-
The actual cash received from cash sales was $25,538, and the amount indicated by the cash register total was $25,670. Journalize the entry to record the cash receipts and cash sales.
-
Under what conditions are two entries necessary to record a sales return? mku8
-
Which industries gain and which industries lose from the availability of cheap natural gas produced from shale deposits? Joseph Schumpeter, an Austrian-born economist who emigrated to the United...
-
Did the value of the Canadian dollar rise or fall between Tuesday and Wednesday?
-
As vice president for community relations, you want to explore the possibility of developing service learning programs with several nearby colleges and universities. Using Figure 2.5, suggest the...
-
Your organization initiated a project to raise money for an important charity. Assume that there are 1,000 people in your organization. Also, assume that you have six months to raise as much money as...
-
A \(20-\mathrm{cm}\)-long rod, with uniform linear charge density \(100 \mathrm{nC} / \mathrm{cm}\), is set up symmetrically on the \(x\) axis. What are the magnitude and direction of the electric...
-
The following information pertains to Lance Company. 1. Cash balance per bank, July 31, $8,732. 2. July bank service charge not recorded by the depositor $45. 3. Cash balance per books, July 31,...
-
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
-
The units of an item available for sale during the year were as follows: There are 1,200 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine...
-
The units of an item available for sale during the year were as follows: There are 1,000 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine...
-
The units of an item available for sale during the year were as follows: There are 73 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the...
-
Be prepared to explain the texts comprehensive To illustrate the issues related to interest capitalization, assume that on November 1, 2016, Shalla Company contracted Pfeifer Construction Co. to...
-
On April 1, 2020. Indigo Company received a condemnation award of $473,000 cash as compensation for the forced sale of the company's land and building, which stood in the path of a new state highway....
-
The market price of a stock is $24.55 and it is expected to pay a dividend of $1.44 next year. The required rate of return is 11.23%. What is the expected growth rate of the dividend? Submit Answer...
Study smarter with the SolutionInn App