On March 1, the actual cash received from cash sales was $37,650, and the amount indicated by the cash register total was $37,653.
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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On March 1, journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
---|---|---|---|---|---|---|---|---|
1 |
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2 |
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3 |
Date | Description | Post ref | Debit | Credit | Assets | Liabilities | Equity |
March 1 | Cash | 37650 | ↑ | ||||
Cash Short and Over | 3 | ↓ | |||||
Sales | 37653 | ↑ |
On March 1, the actual cash received from cash sales was $37,650, and the amount indicated...
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