CHART OF ACCOUNTS Scharf Company General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Equipment 192 Accumulated Depreciation LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Supplies Expense 535 Rent Expense 536 Repairs Expense 561 Depreciation Expense 591 Miscellaneous Administrative Expense 592 Miscellaneous Selling Expense 710 Interest Expense Instruction General Journal The Scharf Company is a retailer located in a state without sales tax The following data was given to you to complete th transactions for the day's sales to be recorded All cash Record the journal entries for EACH cash register to determine the cashier's accuracy on December 31 Refer to the Chart of Accounts for exact wording of account titles Round your answers to two decimal places drawers start with $100 in change PAGE Reg 1 Reg 2 Reg 3 Reg 4 JOURNAL Cash in $974 50 $1,383 66 $939 46 $1,137 91 DATE DESCRIPTION POST REF DEBIT CREDIT drawer Sales $879 50 $1,298 16 $839 46 $1,030 33 reading Difference Required Record the journal entries for EACH cash register to determine the cashier's accuracy Refer to the Chart of Accounts for exact wording of account titles Round your answers to two decimal places

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

CHART OF ACCOUNTS Scharf Company General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory

image text in transcribed

CHART OF ACCOUNTS

Scharf Company

General Ledger

	ASSETS
110	Cash
111	Petty Cash
120	Accounts Receivable
131	Notes Receivable
132	Interest Receivable
141	Merchandise Inventory
145	Supplies
151	Prepaid Insurance
181	Land
191	Equipment
192	Accumulated Depreciation

	LIABILITIES
210	Accounts Payable
221	Notes Payable
222	Interest Payable
231	Salaries Payable
241	Sales Tax Payable

	EQUITY
310	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary

	REVENUE
410	Sales
610	Interest Revenue

	EXPENSES
510	Cost of Merchandise Sold
515	Credit Card Expense
516	Cash Short and Over
520	Salaries Expense
531	Advertising Expense
532	Delivery Expense
533	Insurance Expense
534	Supplies Expense
535	Rent Expense
536	Repairs Expense
561	Depreciation Expense
591	Miscellaneous Administrative Expense
592	Miscellaneous Selling Expense
710	Interest Expense

Instruction General Journal The Scharf Company is a retailer located in a state without sales tax. The following data was given to you to complete th transactions for the day's sales to be recorded. All cash Record the journal entries for EACH cash register to determine the cashier's accuracy on December 31. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. drawers start with $100 in change. PAGE Reg. #1 Reg. #2 Reg. #3 Reg. #4 JOURNAL Cash in $974.50 $1,383.66 $939.46 $1,137.91 DATE DESCRIPTION POST. REF. DEBIT CREDIT drawer Sales $879.50 $1,298.16 $839.46 $1,030.33 reading Difference Required: Record the journal entries for EACH cash register to determine the cashier's accuracy. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places