At the end of the day, the cash register\'s record shows $1,276, but the count o

Q: At the end of the day, the cash register's record shows $1,276, but the count o

Correct entry to record cash sales is Debit Cash $1,258; debit Cash over and short $18;credit sales $1,276. As cash count is less than the sales so short cash is debited.

ID: 2415663 • Letter: A

Question

At the end of the day, the cash register's record shows $1,276, but the count of cash in the cash register is $1,258. The correct entry to record the cash sales is

Debit Cash $1,258; Credit Sales $1,258.

Debit Cash $1,276; credit Sales $1,258, credit Cash Over and Short $18.

Debit Cash Over and Short $18, credit Sales $18.

Debit Cash $1,276; credit Sales $1,276.

Debit Cash $1,258; debit Cash Over and Short $18; credit Sales $1,276.

At the end of the day, the cash register's record shows $1,276, but the count of cash in the cash register is $1,258. The correct entry to record the cash sales is

Explanation / Answer

Correct entry to record cash sales is Debit Cash $1,258; debit Cash over and short $18;credit sales $1,276.

As cash count is less than the sales so short cash is debited.

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At the end of the day, the cash register\'s record shows $1,276, but the count o

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