The cash register tape for Vaughn Industries reported sales of $27,382.00. 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 $46.00. (b) Cash on hand exceeds cash reported by cash register tape by $34.50. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75. While examining cash receipts information, the accounting department determined the following information: opening cash balance $177, cash on hand $1,150.25, and cash sales per register tape $987.98. Prepare the required journal entry. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal ploces, eg. 52.75. The following are five procedures followed by Gilmore Company. 1. Employees are required to take vacations. 2. Any member of the sales department can approve credit sales. 3. Paul Jaggard ships goods to customers, bills customers, and receives payment from customers. 4. Total cash receipts are compared to bank deposits daily by someone who has no other cash responsibilities. 5. Time clocks are used for recording time worked by employees. Indicate whether each procedure is an example of good internal control or of weak internal control. If it is an example of good interi control, indicate which internal control principle is being followed. If it is an example of weak internal control, indicate which intern: control principle is violated. Crane Wyatt is unable to reconcile the bank balance at January 31. Crane's reconciliation is as follows. (a) What is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, e.g. 52.75.) Adjusted cash balance per bank What is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, es 52.75.) Adjusted cash balance per bank eTextbook and Media List of Accounts Attempts: 0 (b) What is the proper adjusted cash balance per books? (Round onswer to 2 decimal places, es. 52.75. ) Adjusted cash balance per books $ Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.)
