The cash register tape for Bluestem Industries reported sales of $28,642.00. Record the journal entry that...
The cash register tape for Bluestem Industries reported sales of
$28,642.00.
Record the journal entry that would be necessary for each of the
following situations. (a) Cash to be accounted for exceeds cash on
hand by $55.00. (b) Cash on hand exceeds cash to be accounted for
by $26.00. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. Round
answers to 2 decimal places, e.g. 52.75.)
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No. |
Account Titles and Explanation |
Debit |
Credit |
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(a) |
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(b) |
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Homework Answers
Answer:-
| No | account tiles and explanation | debit | credit |
| (a) | cash | 28587 | |
| Cash over and short | 55 | ||
| Sales revenue | 28647 | ||
| (b) | cash | 28647 | |
| Sales and revenue | 28621 | ||
| Cash over and short | 26 |
Answer:
a. Cash ..................................................DB....$28587
Cash Over and Short......................................DB...$55
Sales revenue.....................................................................CR.$28642
Working Cash = 28642-55 = 28587
b. Cash .................................................................DB....$28668
Sales revenue...................................................................CR.....$28642
Cash Over and Short......................................................CR.......$26
Working Cash = 28642+26=28668
Add Answer to:
The cash register tape for Bluestem Industries reported sales of
$28,642.00.
Record the journal entry that...
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