Question
If a cashier rang up sales totaling $5,098, but had $5,105 to deposit, which journal entry would be recorded? A debit to Cash for $5,105
If a cashier rang up sales totaling $5,098, but had $5,105 to deposit, which journal entry would be recorded?
A debit to Cash for $5,105 a credit to Cash Overage for $7 and a credit to Sales Revenue for $5,098.
A debit to Sales for $5,105 a debit to Cash Overage for $7 and a credit to Cash for $5,098
A debit to Cash for $5,098 a debit to Cash Shortage for $7 and a credit to Sales Revenue for $5,105.
A debit to Cash for $5,098 a debit to Cash Shortage for $7 and a credit to Unearned Revenue for $5,105.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
