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Cornerstone Exercise 4-22 (Algorithmic) Cash Over and Short Walker Department Store has one cash register. On a recent day, the cash register tape reported sales
Cornerstone Exercise 4-22 (Algorithmic) Cash Over and Short Walker Department Store has one cash register. On a recent day, the cash register tape reported sales in the amount of $8,770.87. Actual cash in the register (after deducting and removing the opening change amount of $50.00) was $8,805.42, which was deposited in the firm's 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 the nearest cent. Cash Cash Over and Short 111 Sales Revenue (Record cash register receipts) Feedback 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
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