1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
3 years ago
5

The following selected transactions relate to cash collections for a firm that uses a cash register. Present entries to record t

he transactions for each of the two days of cash receipts from sales.
a. Actual cash in cash register, $5,353; cash receipts per cash register tally, $5,373 on December 31.
b. Actual cash in cash register, $3,712.95; cash receipts per cash register tally, $3,712.16.
Business
1 answer:
kotykmax [81]3 years ago
7 0

Answer:

A.

Dr Cash 5,353

Dr Cash Short and Over 20

Cr Sales 5,373

B.

Dr Cash 3,712.95

Cr Cash Short and Over 0.79

Cr Sales 3,712.16

Explanation:

Presentation of the entries to record the transactions for each of the two days of cash receipts from sales.

(a) Since we were told that the Actual cash in cash register was the amount of $5,353 while the cash receipts per cash register tally was the amount of $5,373 on December 31 this means the transaction will be recorded as:

Dr Cash 5,353

Dr Cash Short and Over 20

(5,373-5,353)

Cr Sales 5,373

(b) Since we were told that the Actual cash in cash register was the amount of $3,712.95 while the cash receipts per cash register tally was the amount of $3,712.16 this means that the transaction will be recorded as:

Dr Cash 3,712.95

Cr Cash Short and Over 0.79

(3,712.95-3,712.16)

Cr Sales 3,712.16

You might be interested in
Which of the following acronyms identifies the Big Five personality dimensions
Burka [1]
The answer will be CANOE. Hope this helps:)
3 0
3 years ago
What is code of conduct in hospitality?​
MissTica
The term “Code of Conduct” means a set of rules set by the concerned authority that outlines social and moral norms, values, duties and responsibilities. Hospitality industry is highly professional discipline sector.
6 0
3 years ago
Read 2 more answers
Analyse, using a production possibility curve (PPC) diagram, the effect of an increase in enterprise on an economy.
Scorpion4ik [409]

Answer:

i dont get it what pls perfect sentence

5 0
3 years ago
Read 2 more answers
Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of tim
anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
8 0
3 years ago
Read 2 more answers
Suggest reasons why a knowledge sharing system
serg [7]

Answer:

A knowledge sharing system could be establish between rival organizations like Mastercard and Visa in order to improve the services they provide for their clients, as well as to attract more people and earn more money.

Even though it might seem contradictory for rival organizations to work together on sharing knowledge, it's actually not. Mastercard might have something that Visa wants and vice versa so it makes sense for them to collaborate to get what they need.

3 0
3 years ago
Other questions:
  • Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor
    9·1 answer
  • Which stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success
    7·1 answer
  • Caroline is a manager in a medium-sized logistics company, Wings, Inc. She always makes it a point to have long conversations wi
    12·2 answers
  • Organizations that are formed to offer services to clients and not make a profit are ____, whereas, ________ are those organizat
    10·1 answer
  • Assuming that monthly returns are approximately normally distributed, what is the probability that this market-neutral strategy
    6·1 answer
  • Craft Inc.'s Krayons is a multi-color chalk material that was released in the market over a century ago. Since the release, the
    10·1 answer
  • _______________ of well-to-do individuals often put their own money into small new companies at an early stage of development, i
    11·1 answer
  • As you move from job shop towards continuous process: A. Your capital intensity decreases B. Your volume decreases C. Your custo
    9·1 answer
  • how are all of your days so far i need someone to talk to btw i have a strict mom so if i dont answer stay there cuz she does no
    6·2 answers
  • At what credit score range do you think it’s unlikely that banks would offer you a loan or credit card?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!