Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date March 3 4 5 6 7 Cash Register Tape $1,495.89 1,878.55 741.76 1,646.62 1,714.13 When required, enter amounts in dollars and cents. Cash Short and Over Bal. 1. What is the amount of cash sales for the week? Cash Count $1,601.89 1,986.55 843.76 1,744.62 1,814.13 4. How much cash was deposited? 2. What is the balance in the cash short and over account? 3. Does the balance in the cash short and over account represent a shortage or overage? 0.0000000

Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date March 3 4 5 6 7 Cash Register Tape $1,495.89 1,878.55 741.76 1,646.62 1,714.13 When required, enter amounts in dollars and cents. Cash Short and Over Bal. 1. What is the amount of cash sales for the week? Cash Count $1,601.89 1,986.55 843.76 1,744.62 1,814.13 4. How much cash was deposited? 2. What is the balance in the cash short and over account? 3. Does the balance in the cash short and over account represent a shortage or overage? 0.0000000

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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Similar questions

Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
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Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date Cash Register Tape Cash Count Sept. 7 $1,295.89 $1,402.89 8 1,678.55 1,787.55 941.76 1,044.76 10 1,446.62 1,545.62 11 1,614.13 1,714.13 When required, enter amounts in dollars and cents. Cash Short and Over Bal.
Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date Cash Register Tape Cash Count March 3 $1,495.89 $1,601.89 4 1,878.55 1,986.55 5 741.76 843.76 6 1,646.62 1,744.62 7 1,714.13 1,814.13 When required, enter amounts in dollars and cents.
The actual cash received from the day’s cash sales was $27,214, and the amount indicated by the cash register total was $27,236. a. What is the amount deposited in the bank for the day's sales?$fill in the blank 1 b. What is the amount recorded for the day's sales?$fill in the blank 2 c. How should the difference be recorded? of $fill in the blank 4 should be recorded as d. If a cashier is consistently over or short, what action should be taken?
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The type of cash discount where the discount period is counted from the date of invoice is ___. a. Ordinary dating b. Credit period c. Receipt of goods d. End of the month
A $100 petty cash fund has cash of $9 and receipts of $85. The journal entry to replenish the account would include a credit to Select one: a. Petty Cash for $85. b. Cash for $91. C. Cash Over and Short for $6. d. Cash for S85.
A $180 petty cash fund has cash of $15 and receipts of $180. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. a-debit to Cash for $15 b-credit to Cash Short and Over for $15 c-credit to Petty Cash for $180 d-credit to Cash for $180
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The end-of-the month balance in Igado’s cash disbursement journal “Sundry Account” column is P19,870. How will the column be posted and what is the posting reference will be entered?