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M Multiple Choice Quiz >..New Tab e | https//newconnect.mheducation.com/flow/connect.html ce your bookmarks here on the bookmarks bar. Import bookmarks now.. 19610) 0 Saved Read each of the following transactions. A) The cash sales per a register tape were $589. The cash count is $557 B) The cash sales per a register tape were $9,200. The cash count is $8,730 Prepare the general journal entries to record the above transactions. View transaction list Journal entry worksheet The cash sales per a register tape were $589. The cash count is $557. Note: Enter debits before credits. Transactions General Journal Debit Credit A) Record entry Clear entry View general journal

Explanation / Answer

A ) Cash A/c ......... Dr $589

To Sales A/c $589

( being cash sales recorded)

Loss on Cash A/c .... Dr $32

To Cash A/c $32

(Being cash shortage expenses out to the income statement and book a loss arising due to difference with register with physical tape)

B ) Cash A/c ......... Dr $ 9200

To Sales A/c $9200

( being cash sales recorded)

Loss on Cash A/c .... Dr $470

To Cash A/c $470

(Being cash shortage expenses out to the income statement and book a loss arising due to difference with register with physical tape)

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