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18 July, 05:38

The actual cash received from cash sales was $18,371, and the amount indicated by the cash register total was $18,400. 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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  1. 18 July, 05:59
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    Given that,

    Actual cash received from cash sales = $18,371

    Amount indicated by the cash register = $18,400

    Cash short:

    = Amount indicated by the cash register - Actual cash received from cash sales

    = $18,400 - $18,371

    = $29

    Therefore, the journal entry is as follows:

    Cash A/c Dr. $18,371

    Cash over and short A/c Dr. $29

    To sales $18,400

    (To record the cash receipts and cash sales)
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