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Problem 9 . 1 A ( Static ) Journalizing cash receipts, cash short or over, and posting to the general ledger. LO 9 - 1
Problem A Static Journalizing cash receipts, cash short or over, and posting to the general ledger. LO Christys Cupcakes, a retail business, started business on June X It keeps a $ change fund in its cash register. The cash receipts for the period from June to June X are below.DATETRANSACTIONSJune Cash sales per the cash register tape, $June Cash count, $June Cash sales per the cash register tape, $June Cash count, $June Cash sales per the cash register tape, $June Cash count, $June Cash sales per the cash register tape, $June Cash count, $June Cash sales per the cash register tape, $June Cash count, $June Cash sales per the cash register tape, $June Cash count, $Required:Record the cash receipts from June to June X in a general journal.Post the amounts for Cash Short or Over in the journal entries to the general ledger.Analyze:How will the balance in Cash Short or Over on June be reported in the financial statements?
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