Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cashier for Bell Buoy rang up sales totaling $5,130, but had $5,185 to deposit, which journal entry would be recorded? Multiple Choice A debit

image text in transcribed

The cashier for Bell Buoy rang up sales totaling $5,130, but had $5,185 to deposit, which journal entry would be recorded? Multiple Choice A debit to Cash for $5,185, a credit to Cash Overage for $55, and a credit to Sales Revenue for $5,130. A debit to Sales for $5,185, a debit to Cash Overage for $55, and a credit to Cash for $5,130. O A debit to Cash for $5,130, a debit to Cash Shortage for $55, and a credit to Sales Revenue for $5,185. O A debit to Cash for $5,130, a debit to Cash Shortage for $55, and a credit to Unearned Revenue for $5,185

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions