Business, 30.08.2019 00:00 madisonnewby5021

The actual cash received from cash sales was $3,930 and the amount indicated by the cash register total was $3,880. the journal to record the cash sales includes a debit to cash by $3,930 and credit(s to:

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Answer from: elyzarobertson

The actual cash received from cash sales was $14,356 and the amount indicated by the cash register total was $14290

a.what is the amount deposited in the bank for the day's sales?

14,356
Because this is the amount which is actually received by sales

b.What is amount recorded for the day's sales?

14,290
Because this is the amount which has been recorded in the cash register.

c.How should the difference be recorded?

Dr Cash 14,356
Cr Over/Short 66
Cr Sales 14,290

d. If a cashier is consistently over or short what action should be taken?

First of all we need to find out that whether the cashier is genuinely making mistakes or there is a case of theft.There would be some close monitoring. If they are just mistakes, maybe some extra mentoring in cash handling would help.

E5-18

Part a and b are informational and thus we dont have to do anything with them.

Part c and d are reconciling terms.

Parts e and f needs entries to adjust the company's books. For e there needs to be a debit to cash for the incorrect amount and a credit for the correct amount. For f there needs to be a credit to cash.

E.
(Dr) Cash in bank$540
(Cr) Accounts payable$540
$710 - $170

F.
(Dr) Bank charges$50
(Cr) Cash in bank$50

Bank reconciliation:
Cash balance per book$24,010
Add: error$540
Less: Debit memo$50
Adjusted book balance$24,500

Cash balance per bank$22,750
Add: Deposits in transit$9,100
Less: Outstanding checks$7,350
Adjusted bank balance$24,500

Hope you get it.

Get back to me in case you have any doubts.
I would be happy to help.

Answer from: Quest

balanced lifestyle would be the type of lifestyle that fulfill all aspects of our life, including financial security, personal achievements, emotional balance, and intimate relationships with other people.

for me personally, the job that i would choose to achieve a balanced lifestyle is opening an online store.

online store can be managed from the comfort of our phone. if we are the owner of the store, we can determine our own working hours. we can arrange our working hours so we have time to do things such as taking care of children, cultivating romantic relationship, or do our hobby.

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