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Cash Short and Over Entries Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the
Cash Short and Over Entries Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained. Cash Register Actual Cash Date July 2 Change Fund Receipt Amount Counted $100 $289.50 $387.00 9 100 311.50 411.50 16 100 306.00 408.50 23 100 317.50 415.00 30 100 296.00 399.50 Required: 1. Prepare the journal entries to record the cash service fees and cash short and over for each of the five weeks. Enter the posting reference when you post to the ledger in part 2. GENERAL JOURNAL DATE DESCRIPTION POST. REF. DEBIT PAGE 8 CREDIT 20-- Jul. 2 Jul. 9 Jul. 16 Jul. 23 Jul. 30 Record service fees and cash shortage Record service fees Record service fees and cash overage Record service fees and cash shortage Record service fees and cash overage
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