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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
Debit Cash $1,180; debit Cash Over and Short for $55; credit Sales $1.235. Debit Cash Over and Short $55; credit Cash $55.
2

Assume that the custodian of a $450 petty cash fund has $58.30 in coins and currency plus $386.00 in receipts at the end of t
A credit to Cash Over and Short for $5.70. A debit to Petty Cash for $386.00.
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Answer is highlighted in yellow: Solution: Debit Cash $1235; Credit Sales $1,180; Credit Cash over and short $55 Answer: 1) E

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