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The cash register tape for Kingbird Industries reported sales of $8,520.60. Record the journal entry that would be necessary for each of the following situations.
The cash register tape for Kingbird Industries reported sales of $8,520.60. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $62.93. (b) Cash on hand exceeds cash reported by cash register tape by $35.11. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Transactions Account Titles and Explanation (a) (b) Debit IN Credit LITE
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