General Journal Instruction The tollowing selected transactions relate to cash c

Question

General Journal Instruction The tollowing selected transactions relate to cash collections for a firm that maintains a $100 change tund at all bi of the two days of cash receipts from sales. imes. Present entries to record he transactions for eadi Required: (a) On December 30, actual cash in cash reaister $5.058 cash recepts per cash regaster taly $3.081 (b) On December 31, actual cash in cash register, $3,612 cash receipts per cash register taily $3,499 $3, 499 TRofer to the Chart of Accounts for exact wording of account tles

Explanation / Answer

Date Accounts Titles & Explanation Debit ($) Credit ($) Dec 30 Cash 5,058 Cash Short & Over [$5,081 - $5,058] 23 Sales 5,081 Dec 31 Cash 3,612 Sales 3,499 Cash Short & Over [$3,612 - $3,499] 113

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

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