A cash register tape shows cash sales of $9800 and sales taxes of $490. The journal...
A cash register tape shows cash sales of $9800 and sales taxes of $490. The journal entry to record this information is
| Cash | 9800 | |
| Sales Revenue | 9800 |
| Cash | 10290 | |
| Sales Revenue | 9800 | |
| Sales Taxes Payable | 490 |
| Cash | 10290 | |
| Sales Tax Revenue | 490 | |
| Sales Revenue | 9800 |
| Cash | 9800 | |
| Sales Tax Expense | 490 | |
| Sales Revenue | 10290 |
Homework Answers
Solution:
Cash.........................10290
Sales Revenue.........................9800
Sales Taxes Payable................490
Hence, 2nd entry is correct.
Add Answer to:
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$28,642.00.
Record the journal entry that would be necessary for each of the
following situations. (a) Cash to be accounted for exceeds cash on
hand by $55.00. (b) Cash on hand exceeds cash to be accounted for
by $26.00. (Credit account titles are automatically
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(a)
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2
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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
The cash register tape for Bluestem Industries reported sales of
$28,642.00.
Record the journal entry that would be necessary for each of the
following situations. (a) Cash to be accounted for exceeds cash on
hand by $55.00. (b) Cash on hand exceeds cash to be accounted for
by $26.00. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. Round
answers to 2 decimal places, e.g. 52.75.)
No.
Account Titles and Explanation
Debit
Credit
(a)
(b)
2
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