At the end of the day, the cash register's record shows $1,282, but the count of cash in the cash register is $1,261. The correct entry to record the cash sales is Multiple Choice Debit Cash $1,261; debit Cash Over and Short $21; credit Sales $1,282. Debit Cash $1,282; credit Cash Over and Short $1,261; credit Sales $21. Debit Cash $1,282; credit Sales $1,282. Debit Cash $1,261; Credit Sales $1,261. Debit Cash Over and Short $21, credit Sales $21.

In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of