At the end of the day, the cash register tape shows $1,200 in cash sales but the count of cash in the register is $1,260. The proper entry to account for this excess is:

Multiple Choice

• Debit Cash $1,200; credit Sales $1,200.

• Debit Cash $1,260; credit Sales $1,260.

• Debit Cash $1,260; credit Sales $1,200; credit Cash Over and Short $60.

• Debit Cash $1,200; debit Cash Over and Short for $60; credit Sales $1,260.

• Debit Cash Over and Short $60; credit Cash $60.