Real estate commission fee
Answer:
Cash Sales : we add up all the cash sales for the week to get total cash sales, cash sales will be from cash receipts journal and or cash register tapes.
Cash shortages will be the difference between cash sales and cash counts or cash on hand.
Journal Entry
Debit Cash ( as per the cash count), Debit Cash shortage(difference and is an expense) Credit cash Sales (as per register)
Explanation:
The Question is incomplete but when dealing with cash there must be internal controls put in place to monitor or reduce any potential risks, risks like cash shortages. Jim must everyday count the cash with the cashier that was at the cash register. Daily the cash register tape must be compared to the deposits that is a control to avoid cash shortages and each employee must have separate register tapes or there must be identification and or a way to know which clerk made what transactions.
I believe the answer is: she would have to accumulate the amount of hours she works and costs for things she need to do her job.
Both of these could be use to determine the tax bracket where Sara belonged and could be considered as tax deduction that could be made to reclaim some part of Sara's tax payment. This would give Sara the most amount of income that she could use for future consumption.
Jamal is being a <u>team player</u> by sharing credit for the idea.
