Williams Supply Co.'s cash receipts from sales totaled $54,470 on August 12, 2015. The cash register total
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Question:
Williams Supply Co.'s cash receipts from sales totaled $54,470 on August 12, 2015. The cash register total for cash sales for the day was $54,493. How much under or over are the company's cash receipts for the day? Prepare the journal entry to record the cash receipts, sales, and overage or shortage.
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