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BE7-5 While examining cash receipts information, the accounting department determined the following information: opening cash balance $150, cash on hand $1,125.74, and cash sales per

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BE7-5 While examining cash receipts information, the accounting department determined the following information: opening cash balance $150, cash on hand $1,125.74, and cash sales per register tape $988.62. Prepare the required journal entry based upon the cash count sheet. There is cash sort of $12.88($150+$988.62- $1125.74) The journal entry is shown blow; Date Account Name Debit Credit Cash 975.75 Cash Strong 12.88 Sale(cash) 988.62 To record cash count IF

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