Journal Entry to account for this excess:-
Cash Over and short 80
Credit sales 1280
So the correct answer is Debit cash $1360, credit sales $1282, credit Cash over and Short $80.
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Helo At the end of the day, the cash register tape shows $1280 inches, but the...
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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.
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