The actual cash received during the week ended October 31 for cash sales was $23,447 and the amount indicated by the cash register total was $23,457.

Required:

Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

General Ledger

ASSETS

110 Cash

111 Petty Cash

120 Accounts Receivable

131 Notes Receivable

132 Interest Receivable

141 Merchandise Inventory

145 Supplies

151 Prepaid Insurance

181 Land

191 Equipment

192 Accumulated Depreciation

LIABILITIES

210 Accounts Payable

221 Notes Payable

222 Interest Payable

231 Salaries Payable

241 Sales Tax Payable

EQUITY

310 Common Stock

311 Retained Earnings

312 Dividends

313 Income Summary

REVENUE

410 Sales

610 Interest Revenue

EXPENSES

510 Cost of Merchandise Sold

515 Credit Card Expense

516 Cash Short and Over

520 Salaries Expense

531 Advertising Expense

532 Delivery Expense

533 Insurance Expense

534 Supplies Expense

535 Rent Expense

536 Repairs Expense

561 Depreciation Expense

591 Miscellaneous Administrative Expense

592 Miscellaneous Selling Expense

710 Interest Expense

Journalize the entry to record the cash receipts and cash sales on October 31. Refer to the Chart of Accounts for exact wording of account titles.

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JOURNAL

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