Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of the day, the cash register tope shows $1,260 in cash sales but the count of cash in the register is $1,335.

image text in transcribed
image text in transcribed
At the end of the day, the cash register tope shows $1,260 in cash sales but the count of cash in the register is $1,335. The proper entry to account for this excess is: Multiple Cholce Debit Cash $1,260; credit Sales $1,260. Debit Cash $1,335; credit Sales $1,335. Debit Cash $1,335; credit Sales $1,260; credit Cash Over and Short $75. Debit Cash $1,260; debit Cash Over and Short for $75; credit Sales $1,335. Debit Cash Over and Short $75; credit Cash $75

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Business Accounts

Authors: John Harrison, Ron Dawber

1st Edition

9780273019954

More Books

Students also viewed these Accounting questions