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Brief Exercise 7-07 While examining cash receipts information, the accounting department determined the following information: opening cash balance $160.00, cash on hand $1,125.74, and cash

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Brief Exercise 7-07 While examining cash receipts information, the accounting department determined the following information: opening cash balance $160.00, cash on hand $1,125.74, and cash sales per register tape $980.83 Prepare the required journal entry based upon the cash count sheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decinmal places, e.g. 52.75.) Account Titles and Explanation Debit: Credit Open Show Work Click if you would like to Show Work for this

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