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At the end of the day, the cash register's record shows $1,280, but the count of cash in the cash register is $1,260. The correct
At the end of the day, the cash register's record shows $1,280, but the count of cash in the cash register is $1,260. The correct entry to record the cash sales is
Multiple Choice
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Debit Cash $1,280; credit Cash Over and Short $1,260; credit Sales $20.
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Debit Cash $1,260; debit Cash Over and Short $20; credit Sales $1,280.
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Debit Cash Over and Short $20, credit Sales $20.
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Debit Cash $1,280; credit Sales $1,280.
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Debit Cash $1,260; Credit Sales $1,260.
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