Question
If a cashier rang up sales totaling $4,000, but had only $3,997 to deposit, which journal entry would be recorded? A debit to: a. Cash
If a cashier rang up sales totaling $4,000, but had only $3,997 to deposit, which journal entry would be recorded? A debit to:
a. Cash of $3,997 and Cash Shortage of $3 and a credit to Unearned Revenue of $4,000.
b. Cash of $3,997 and a credit to Cash Shortage of $3 and Sales Revenue of $4,000.
c. Sales of $4,000 and Cash Shortage of $3 and a credit to Cash of $3,997.
d. Cash of $3,997 and Cash Shortage of $3 and a credit to Sales Revenue of $4,000.
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Expert Systems In Auditing
Authors: J C Van Dijk, Paul Williams, Michael P. Cangemi
1st Edition
1349124761, 978-1349124763
