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in cash. To simplify, this problem assumes that a company has only one bank account, which is identified in the Ledger as Cash. Review
in cash. To simplify, this problem assumes that a company has only one bank account, which is identified in the Ledger as "Cash." Review the following T accounts, and then scroll down to complete the cash short and over T account and answer the associated Cash Balance 1/1 5,500 1/2 Establish Petty Cash 500 1/5 2,850 1/12 6,330 1/23 3,270 1/30 4,450 Balance 21,900 Sales Balance 1/1 0 1/5 2,855 1/12 6,305 1/23 3,310 1/30 4,410 Balance 16,880 I Review the preceding T accounts, and then complete the cash short and over T account and associated question that follows it. Balance 1/1 Cash Short and Over 01/12 5 1/30 25 V 40 1/5 1/23 40 Balance x
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