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Cash Short and Over Entries: Listed below are the weekly cash register tape amounts for service fees and the related casth counts during the manth
Cash Short and Over Entries: Listed below are the weekly cash register tape amounts for service fees and the related casth counts during the manth of July A change fund of suco is maintained. Required: 1. Prepare the journal entries to record the cosh service fees and cash short and over for each of the five weeks. Enter the posting reference when you post to the indger in part? 2. Post to the cash short and over account (use Account No, 516). Enter in chronological order. If an amount box does not require an entry, leave it blank, After you post to the general ledger, go back and complete the posting in part 1 for the cash short and over account only. 3. Determine the ending balance of the cash short and over account. 1 Does it represent an expense or revenue
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