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Prepare a journal entry to record these cash sales. If an amount box does not require an entry, leave it blank. Round your answers to
Prepare a journal entry to record these cash sales. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places, if necessary.
Cash Over and Short At the end of each day, Spangle counts the cash in its cash registers. Spangle then compares the physical amount of cash to the amount of cash that the register tape indicates should be in the cash drawer. On a recent day, Spangle Company obtained the following data from its cash registers: Cash Sales per Register Tape Cash in Register after Removing Opening Change $14,757.98 15,104.06 Register 1 $14,759.62 Register 2 15,101.59 Register 3 14,802.18 14,798.87 Spangle deposits its cash receipts in its bank account daily. Required: Prepare a journal entry to record these cash sales. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places, if necessary. Accounts Payable Cash Cash Over and Short Notes Receivable Sales RevenueStep by Step Solution
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