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I am not sure what the answer is for the incorrect problems (in red). Please help! Brief Exercise 5-5 Your answer is partially correct. Try
I am not sure what the answer is for the incorrect problems (in red). Please help!
Brief Exercise 5-5 Your answer is partially correct. Try again. While examining cash receipts information, the accounting department determined the following information: opening cash balance $222, cash on hand $1,666.10, and cash sales per register tape $1,463.16. Prepare a tabular analysis of the required adjustment based upon the cash count sheet. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, e.g. 52.75.) Assets = Liabilities + Stockholders' Equity Cash + Revenues - Expenses 222 1,463.16 Sales revenue 202.94 Cash over and short 4 Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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