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MAVERICK [17]
3 years ago
6

Brief Exercise 8-06 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that wo

uld be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $50.75. (b) Cash on hand exceeds cash to be accounted for by $28.32. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
Business
1 answer:
astra-53 [7]3 years ago
8 0

Journal entries

A.

Dr Cash $6,871.50

DrCash Exceed and Short $50.75

Cr Sales Revenue ($6,871.50+ 50.85) $6,922.25

B.

Dr Cash ($6,922.25 +28.32) $6,950.57

Cr Sales Revenue $6,922.25

Cr Cash Exceed and Short $28.32

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3 0
4 years ago
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
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See

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6 0
3 years ago
Here are data on two companies. The T-bill rate is 4.8% and the market risk premium is 5.9%. Company $1 Discount Store Everythin
Pavlova-9 [17]

Answer:

$i Discount Store 14.24%

Everything $5 10.7%

Explanation:

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Using this formula

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Rf represent Risk-free return

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Let plug in the formula

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Fair Return=0.048+1.6(0.059)

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6 0
3 years ago
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