ZuoTi.Pro
Question

Read the following transactions. Lourdes LLC. keeps a $100 change fund in its cash register. At the end of the day, cash sale
business   accounting   
0 1
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Cash over(Short) = Cash count - (Beg bal + cash sales)

= 3900 - (100+3460)

= 3900 - 3560

Cash over = 340

Comment if you face any issues

0 0
Add a comment
Know the answer?
Add Answer to:
Read the following transactions. Lourdes LLC. keeps a $100 change fund in its cash register. At...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Lourdes LLC. keeps a $100 change fund in its cash register. At the end of the...

    Lourdes LLC. keeps a $100 change fund in its cash register. At the end of the day, cash sales per the register tape were $3,280. The cash count was $3,700. Calculate the amount over or short.

  • Read each of the following transactions. A) The cash sales per a register tape were $579....

    Read each of the following transactions. A) The cash sales per a register tape were $579. The cash count is $552 B) The cash sales per a register tape were $8,700. The cash count is $8,280. Prepare the general journal entries to record the above transactions. View transaction list Journal entry worksheet

  • MC Qu. 9-38 George's Grocers keeps... George's Groceres a $100 changeundin sales and cash overage for...

    MC Qu. 9-38 George's Grocers keeps... George's Groceres a $100 changeundin sales and cash overage for shortage for January 30 g The cash sales per the cash register tape on January 30 were $405. The cash count was $502 ently the conectom y c ode DEBIT CREDIT Cash Cash Short or Over Sales Cash (8) Sales Cash Short or Over Cash Cash M e Choice O Option A O Options 0 O Option < Prev 3 of 10 Next >...

  • Northwest Gift Shop, a retail business, started business on April 29, 2019. It keeps a $300...

    Northwest Gift Shop, a retail business, started business on April 29, 2019. It keeps a $300 change fund in its cash register. The cash receipts for the period from April 29 to April 30, 2019, are shown below. DATE April 29 TRANSACTIONS Cash sales per the cash register tape, $1,533. Cash count, $1,825. Cash sales per the cash register tape, $1,442. Cash count, $1,743. 30 Record the cash receipts on April 29 and April 30, 2019. in a general journal...

  • 2 At the end of the day, the cash register tape shows $1,180 in cash sales...

    2 At the end of the day, the cash register tape shows $1,180 in cash sales but the count of cash in the register is $1,235. The proper entry to account for this excess is: Multiple Choice ( Debit Cosh $1180; credit Sales $1,180. O Debit Cash $1,235; credit Sales $1.235. ( Debit Cash $1,235, credit Sales $1180; credit Cash Over and Short $55. Debit Cash $1,180; debit Cash Over and Short for $55; credit Sales $1.235. Debit Cash Over...

  • Question 5 (0.2 points) At the end of the day, the cash register tape shows $1,000...

    Question 5 (0.2 points) At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,010. The proper entry to account for this excess is: Debit Cash $1.000; credit Sales $1.000. Debit Cash $1.010; credit Sales $1.010. Debit Cash $1,010: credit Sales $1.000: credit Cash Over and Short $10. Debit Cash $1,000; debit Cash Over and Short for $10: credit Sales $1.010. Debit Cash Over and Short...

  • at the end of the day $443 in cash is in there registered in the amount...

    at the end of the day $443 in cash is in there registered in the amount of the change fund is $100 if the cash register tape indicates $345 which of the following journal entries should be made

  • Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the...

    Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the following data from its cash registers: Cash Sales per Register Tape Cash in Register after Removing Opening Change $12,650.01 Register 1 $12,656.12 11,429.57 11,591.18 Register 2 Register 3 11,425.42 11,590.18 Pence deposits its cash receipts in its bank account daily Required: amount box does not require an entry, leave it blank. Round your ans 35,676.87 x Prepare a journal entry to record Cash Cash...

  • CASH SHORT & OVER Refer to the chart of counts shown below for the act accounts...

    CASH SHORT & OVER Refer to the chart of counts shown below for the act accounts to be used the following transactions in the two-column o cated on the Dom and each of t os e CHART OF ACCOUNTS Laura's Closet REVENUE ASSETS 111 Cash 112 Putty cash 115 Change Fund 120 Account Reca Merchandise A 151 161 m 171 LIABILITIES 211 Accounts Payable Cash Short & Over Postagens Ban Claros Uwe Day OWNERS EQUITY 311 L Gothar, Capital 312...

  • Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions...

    Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $860. 12. The cash sales for the day, according to the cash register records, totaled $13,184. The actual cash received from cash sales was $13,205. 30. Petty cash on hand was $65. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $95. June...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT