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The actual cash received from cash sales was $83,452, and the amount indicated by the cash register total was $83,480. Journalize the entry to record the cash receipts and cash sales.

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abiolataiwo2015

Answer:

Dr Cash $83,452

Dr Cash short or Over $28

($83,480-$83,452)

Cr Sales $83,480

Explanation:

Based on the information given the appropriate journal the entry to record the cash receipts and cash sales is:

Dr Cash $83,452

Dr Cash short or Over $28

($83,480-$83,452)

Cr Sales $83,480

(To record the cash receipts and cash sales)

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