Question

The actual cash received during the week ended October 31 for cash sales was $23,447 and the amount indicated by the cash register total was $23,457. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. Oct. 31 Cash 23,457 0 Cash Short and Over 10 0 Sales 0 23,447

Answer 1

Explanation:

Data given in the question

Actual cash received = $23,447

But the amount indicated on the cash register is $23,457

So, by considering the above information, the journal entry is as follows

Cash $23,447

Cash short and over $10

         To Sales $23,457

(Being the cash receipts and the cash sales is recorded)