Cash Over and Short

Milner Department Store has one cash register on which it performs daily cash counts. Recently, the cash count indicated that there was $$6,733\mathrm{.}73$ in the register after

deducting and removing the opening change amount of $$65\mathrm{.}00.$ However, the cash register tape reported sales in the amount of $$6,720\mathrm{.}43.$ Milner deposited its cash

collected in its bank account.

Required:

Prepare a journal entry to record these cash collections. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places, if

necessary.

Cash Over and Short $$

Sales Revenue

$x$

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Check My Work

When the cash in the register does not reconcile with the register tapes, the discrepancy is recorded in cash over and short.