Entry for Cash Sales; Cash Over The actual cash received from cash sales was $10,644 and the amount indicated by the cash register total was $10,619. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.

Question

Damian Delacruz

Business

6 May, 22:01

Entry for Cash Sales; Cash Over The actual cash received from cash sales was $10,644 and the amount indicated by the cash register total was $10,619. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.

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Josephine York · Answer 1

The journal entry is as follows

Cash Dr $10,644

To Sales revenue $10,619

To Cash short and over $25

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

We simply debited the cash account and credited the sales revenue and remaining balance is transferred to cash short and over account so that the proper posting could be done