The actual cash received from cash sales was $12,100 and the amount indicated by the cash register total was $12,074. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. 38 Accounts Receivable Accounts Payable Cash Short and Over Petty Cash

The actual cash received from cash sales was $12,100 and the amount indicated by the cash register total was $12,074. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. 38 Accounts Receivable Accounts Payable Cash Short and Over Petty Cash

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 9E: Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of...

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Computing; the Cash Balance Listed below are ten items that may be found on a balance sheet. Required: 1. Indicate with or no whether each of the items should be included in the cash balance presented on the balance sheet. Also indicate the normal balance sheet treatment for those items not included as cash. 2. Next Level What is the overriding concept in determining whether an item included in or excluded from cash?
Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.
Transactions related to revenue and cash receipts completed by Sterling Engineering Services during the period June 230 are as follows: Instructions 1. Insert the following balances in the general ledger as of June 1: 2. Insert the following balances in the accounts receivable subsidiary ledger as of June 1: 3. Prepare a single-column revenue journal (p. 40) and a cash receipts journal (p. 36). Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. The Fees Earned column is used to record cash fees. Insert a check mark () in the Post. Ref. column when recording cash fees. 4. Using the two special journals and the two-column general journal (p. 1), journalize the transactions for June. Post to the accounts receivable subsidiary ledger and insert the balances at the points indicated in the narrative of transactions. Determine the balance in the customers account before recording a cash receipt. 5. Total each of the columns of the special journals and post the individual entries and totals to the general ledger. Insert account balances after the last posting. 6. Determine that the sum of the customer accounts agrees with the accounts receivable controlling account in the general ledger. 7. Why would an automated system omit postings to a control account as performed in step 5 for Accounts Receivable?
Record the following transactions: A. Started a petty cash fund in the amount of $575 B. Replenished petty cash fund using the following expenses: Auto $18, Office Expenses $35, Postage Expense $56, Miscellaneous Expenses $67. Cash on hand is $399. C. Increased petty cash by $25.
Enter the following transactions in a cash payments journal like the one illustrated in the chapter: Aug. 2 Issued Check No. 193 in payment of August rent (Rent Expense), 2,200. 6 Issued Check No. 194 to Mason Hardware in payment of merchandise purchased on account, 1,700, less 2% discount. The check was written for 1,666. 10 Issued Check No. 195 to Augies Wholesale for cash purchase of merchandise, 2,730.
Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,953 and the amount indicated by the cash register total was $14,922. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. 00
Entry for Cash Sales; Cash Over The actual cash received from cash sales was $71,315, and the amount indicated by the cash register total was $71,220. 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. Cash Sales Cash Short and Over
Entry for cash sales; cash short The actual cash received from cash sales was $35,440, and the amount indicated by the cash register total was $35,474. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank.
Entry for Cash Sales; Cash Short The actual cash received from cash sales was $31,072 and the amount indicated by the cash register total was $31,093. 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.
Entry for Cash Sales; Cash Over The actual cash received from cash sales was $14,806 and the amount indicated by the cash register total was $14,778. 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.
Entry for Cash Sales; Cash Short 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. Cash Cash Short and Over Sales
Entry for cash sales; cash over The actual cash received from cash sales was $315,280, and the amountindicated by the cash register total was $315, 150. Journalize the entry torecord the cash receipts and cash sales.