Question

On March 1, the actual cash received from cash sales was $36,006, and the amount indicated by the cash register total was $36,010. Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

Answer 1

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr,                                 $36,006

Cash short and over Dr,        $4

     ($36,010 - $36,006)      

    To Sales                                  $36,010

(Being cash sales, cash short and over is recorded)

Therefore, to record cash sales, cash short and over we debited cash and cash short and over while credited sales.