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Entry for cash sales; cash short The actual cash received from cash sales was $35,721, and the amount indicated by the cash register total was
Entry for cash sales; cash short The actual cash received from cash sales was $35,721, and the amount indicated by the cash register total was $35,753. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. Entry for cash sales; cash over The actual cash received from cash sales was $11,699 and the amount indicated by the cash register total was $11,669. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. Bank reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $21,960. 2. Cash balance according to the bank statement at August 31,$23,350. 3. Checks outstanding, $4,460. 4. Deposit in transit not recorded by bank, $3,580. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31,$14,750. 2. Cash balance according to the bank statement at August 31,$15,850. 3. Checks outstanding, $2,990. 4. Deposit in transit not recorded by bank, $2,400. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $30. Restaurant Brands International Inc. (QSR) is one of the world's largest quick service restaurant companies. Its brands include Tim Horton's, Burger King, and Popeyes. Dunkin' Brands Group, Inc. (DNKN) is a leading franchisor of doughnut (Dunkin' Donuts) and ice cream (Baskin-Robbins) shops with more than 20,000 stores worldwide. Selected financial statement information for a recent year for both companies follows (in millions): a. Determine the days' cash on hand for each company. Assume a 365-day year. If required, round all computations to one decimal place and in subsequent calculations. Round final answers to one decimal place
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