Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a cashier rang up sales totaling $5,102, but had $5,115 to deposit, which journal entry would be recorded? A debit to Cash for $5,15

image text in transcribed

If a cashier rang up sales totaling $5,102, but had $5,115 to deposit, which journal entry would be recorded? A debit to Cash for $5,15 a credit to Cash Overage for $13 and a credit to Sales Revenue for $5,102 O A debit to Sales for $5,15 a debit to Cash Overage for $13 and a credit to Cash for $5,102 O A debit to Cash for $5102 a debit to Cash Shortage for $13 and a credit to Sales Revenue for $5,15. OA debit to Cash for $5,102 a debit to Cash Shortage for $13 and a credit to Unearned Revenue for $5,115

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Managerial Accounting For Managers

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

5th Edition

1260570010, 9781260570014

More Books

Students also viewed these Accounting questions