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On March 1, the actual cash received from cash sales was $55,081, and the amount indicated...

On March 1, the actual cash received from cash sales was $55,081, and the amount indicated by the cash register total was $54,840. Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

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Answer #1

The entry would be

Cash 55081
Sales 54840
Cash short and over (55081-54840) 241

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