CASH OVER AND SHORT. Miller Enterprises deposits all cash received during each day at the end of
Question:
CASH OVER AND SHORT. Miller Enterprises deposits all cash received during each day at the end of the day. Miller deposited $12,730 on October 3 and $15,610 on October 4. Cash register records and other documents supporting the deposits are summarized as follows:
REQUIRED:
1. Calculate the amount of cash over or cash short for each day.
2. Prepare the journal entry to record the receipt and deposit of cash on October 3.
3. Prepare the journal entry to record the receipt and deposit of cash on October 4.
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