Deshaun Watson Industries operates a chain of retail stores. All sales are for cash only. At...
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Deshaun Watson Industries operates a chain of retail stores. All sales are for cash only. At the end of the business day cash receipts were counted and amounted to $43,400. The cash register data reported recorded sales amounting to $43,275. Watson Industries uses a periodic inventory system. The journal entry to record the cash received and sales would include |
Homework Answers
| Accounts | Debit | Credit |
| Cash | $43,400 | |
| Excess income ($43400 - $43,275) | $125 | |
| Sales Revenue | $43,275 |
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Deshaun Watson Industries operates a chain of retail stores. All
sales are for cash only. At...
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The cash register tape for Bluestem Industries reported sales of $28,642.00. Record the journal entry that...
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Record the journal entry that would be necessary for each of the
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hand by $55.00. (b) Cash on hand exceeds cash to be accounted for
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half the problem is aleady done (green check marks) what has a red x by it...
half the problem is aleady done (green check marks) what has a red
x by it is incorrect though
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Cash Over and Short Miller Enterprises deposits the cash received during each day at the end...
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Northwest Gift Shop, a retail business, started business on April 29, 2019. It keeps a $300 change fund in its cash register. The cash receipts for the period from April 29 to April 30, 2019, are shown below. DATE April 29 TRANSACTIONS Cash sales per the cash register tape, $1,533. Cash count, $1,825. Cash sales per the cash register tape, $1,442. Cash count, $1,743. 30 Record the cash receipts on April 29 and April 30, 2019. in a general journal...
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)
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half the problem is aleady done (green check marks) what has a red
x by it is incorrect though
eBook Show Me How Calculator Exercise 4-43 (Algorithmic) 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 $36.330 $40,310 Collections on account 11,555...
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