Question
At the end of the day the clerk for Kens Variety Shop notice an error in the amount of cash he should have. Total cash
At the end of the day the clerk for Kens Variety Shop notice an error in the amount of cash he should have. Total cash sales from the sales tape were $1192, whereas the total cash in the register was $1152. Ken keeps a $25.00 change fund in his shop. Prepare an appropriate general journal entry to record the cash sales as well as reveal the cash shortage.
| EXERCISE 6A-5 | |||||||||||||
| Beginning change fund |
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| + Cash register total |
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| = Cash should have on hand |
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| - Counted cash |
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| = Shortage or overage of cash |
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| GENERAL JOURNAL | |||||||||||||
| Date | Account Titles and Description | PR | Dr. | Cr. | |||||||||
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Worship Audit Making Good Worship Better
Authors: Mark Earcy
1st Edition
1851742948, 978-1851742943
