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12 October, 11:48

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.

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  1. 12 October, 11:59
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    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.
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