At the end of the day the clerk for Wale's Variety Shop noticed an error...
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Accounting
At the end of the day the clerk for Wale's Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $ 1 comma 200, whereas the total cash in the register was $ 1 comma 155. Wale keeps a $ 26 change fund in his shop. Prepare an appropriate general journal entry to record the cash sale as well as reveal the cash shortage. (Prepare a compound entry. Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts PR Dr. Cr.
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