5. If a cashler rang up sales totaling $5,098, but had $5,105 to deposit, which

Question

5. If a cashler rang up sales totaling $5,098, but had $5,105 to deposit, which journal entry would be recorded? A debit to Cash for $5,105 a credit to Cash Overage for $7 and a credit to Sales Revenue for $5.098. A debit to Sales for $5,105 a debit to Cash Overage for $7 and a credit to Cash for $5.098 A debit to Cash for $5,098 a debit to Cash Shortage for $7 and a credit to Sales Revenue for $5.105 A deblt to Cash for $5,098 a deblt to Cash Shortage for $7 and a credit to Unearned Revenue for $5,105.

Explanation / Answer

The journal entry would be:

Cash a/c..Dr$5105

To Cash overage a/c..$7

To sales $5098

Hence the correct option is A.

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.