A restaurants cash register shows sales of $1,400 for the day. Of this amount, $600 was...
A restaurants cash register shows sales of $1,400 for the day. Of this amount, $600 was cash sales. The restaurant does not accept any credit cards. What amount represents the sales to be recorded to Accounts Receivable?
Homework Answers
Accounts receivable represents the customers to whom sales have been made on credit.
So account receiveable will be =Total sales-cash sales=$1400-$600=$800
So accounts receivable will be $800.
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A restaurants cash register shows sales of $1,400 for the day.
Of this amount, $600 was...
The cash register of a business shows sales of $2,000 for the day. Of this amount,...
The cash register of a business shows sales of $2,000 for the day. Of this amount, $400 was cash to sales. The business does not accept credit cards. What amount represents the sales to be recorded in Accounts Receivable?
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, the cash register tape shows $1,060 in cash sales but...
At the end of the day, the cash register tape shows $1,060 in cash sales but the count of cash in the register is $1,085. The proper entry to account for this excess is:
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...
register tape shows $1,480 in cash sales but the count of cash in the register is $1,610. The proper entry to t the...
register tape shows $1,480 in cash sales but the count of cash in the register is $1,610. The proper entry to t the end of the day, the cash ccount for this excess is: Multiple Choice
register tape shows $1,480 in cash sales but the count of cash in the register is $1,610. The proper entry to t the end of the day, the cash ccount for this excess is: Multiple Choice
Cash Over and Short Miller Enterprises deposits the cash received during each day at the end...
Cash Over and Short Miller Enterprises deposits the cash received during each day at the end of the day. Miller deposited $48,287 on October 3 and $50,116 on October 4. Cash register records and other documents supporting the deposits are summarized as follows: 10/3 10/4 Cash sales $37,640 $40,310 Collections on account 10,895 9,813 Total receipts $48,535 $50,123 Required: 1. Calculate the amount of cash over or cash short for each day. Enter negative values as negative numbers. Cash Over...
Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant...
Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant had these transactions on January 28, 2016 National Express credit card sales $ 9,700 ValueCard debit card sales 7.000 Requirements 1. Suppose Parisian Cuisine's processor charges a 3% fee and deposits sales net of the fee. Journalize these sales transactions for the restaurant 2. Suppose Parisian Cuisine's processor charges a 3% fee and deposits sales using the gross method. Journalize these sales transactions for...
Helo At the end of the day, the cash register tape shows $1280 inches, but the...
Helo At the end of the day, the cash register tape shows $1280 inches, but the count of cash in the register is $1360. The proper entry to account for this excess is 28 Savait Submit Mic Choice Debit Card Debt Ch 060 Cash Over and Sons Debit Cath $120.cre DOS Decreto 1360
At the end of the day, the cash register's record shows $1,254, but the count of...
At the end of the day, the cash register's record shows $1,254, but the count of cash in the cash register is $1,247. The correct entry to record the cash sales is Multiple Choice Debit Cash $1,247; debit Cash Over and Short $7; credit Sales $1,254. Debit Cash $1,247; Credit Sales $1,247. Debit Cash $1,254; credit Sales $1,254. Debit Cash $1,254; credit Cash Over and Short $1,247; credit Sales $7. Debit Cash Over and Short $7, credit Sales $7.
Question Help The Thai Fusion, a local Thai restaurant, expects sales to be $1,235,000 in January....
Question Help The Thai Fusion, a local Thai restaurant, expects sales to be $1,235,000 in January. Its average customer restaurant bill is $65. Only 30% of the restaurant bills are paid with cash; 60% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.55 per transaction + 4% of the amount charged Debit cards: $0.35 per transaction + 3% of the amount charged...
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...
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...
register tape shows $1,480 in cash sales but the count of cash in the register is $1,610. The proper entry to t the end of the day, the cash ccount for this excess is: Multiple Choice
register tape shows $1,480 in cash sales but the count of cash in the register is $1,610. The proper entry to t the end of the day, the cash ccount for this excess is: Multiple Choice
Restaurants do a large volume of business by credit and debit cards. Suppose Parisian Cuisine restaurant had these transactions on January 28, 2016 National Express credit card sales $ 9,700 ValueCard debit card sales 7.000 Requirements 1. Suppose Parisian Cuisine's processor charges a 3% fee and deposits sales net of the fee. Journalize these sales transactions for the restaurant 2. Suppose Parisian Cuisine's processor charges a 3% fee and deposits sales using the gross method. Journalize these sales transactions for...
Helo At the end of the day, the cash register tape shows $1280 inches, but the count of cash in the register is $1360. The proper entry to account for this excess is 28 Savait Submit Mic Choice Debit Card Debt Ch 060 Cash Over and Sons Debit Cath $120.cre DOS Decreto 1360
Question Help The Thai Fusion, a local Thai restaurant, expects sales to be $1,235,000 in January. Its average customer restaurant bill is $65. Only 30% of the restaurant bills are paid with cash; 60% are paid with credit cards and 10% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.55 per transaction + 4% of the amount charged Debit cards: $0.35 per transaction + 3% of the amount charged...
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