Entry for Coins, currency (paper money), checks, money orders, and money on deposit available for...
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Accounting
Entry for Coins, currency (paper money), checks, money orders, and money on deposit available for unrestricted withdrawal from banks and other financial institutions.Cash Sales; Cash Short
The actual cash received from the days cash sales was $27,213, and the amount indicated by the cash register total was $27,239.
a. What is the amount deposited in the bank for the day's sales? $
b. What is the amount recorded for the day's sales? $
How should the difference be recorded? The cash shortage
The cash overage
The cash shortage
of $ should be recorded as Cash Short and Over
d. If a cashier is consistently over or short, what action should be taken? The cashier should receive additional training
Answer & Explanation
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