Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 3, a business counted $3,400.10 cash rece

On April 3, a business counted $3,400.10 cash received from the days sales. According to...

50.1K

Verified Solution

Question

Accounting

On April 3, a business counted $3,400.10 cash received from the days sales. According to the registers, cash sales totalled $3,400.90. The company has a policy that any discrepancies between sales and total cash that are $1.00 or less are recorded in the cash over and short account and do not have to be investigated. What is the journal entry to record the cash sale? Select one: a. Cash $3,400.10 DR; Cash Over and Short $0.80 DR; Service Revenue $3,400.90

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. State whether the following are true or false: a. Y-linked traits are phenotypes only seen...

Biology
Q

7 A radio is tuned to station in the 30 MHz to 54 MHz What...

Physics
Q

1 m MPK 2 MPE 61 M 127 D O 134 111

Geometry
Q

by Eric Sheninger This morning I read a great article on PBS Media Shift by...

Basic Math
Q

A 5-ounce container of Greek yogurt contains 135 calories. Find the unit rate of calories...

Basic Math
Q

Directions Solve the system by graphing Line 1 y x 2 Line 2 y x...

Statistics
Q

Following are accounts and year-end adjusted balances of Cruz Company as of December...

Accounting
Q

Smith owns manufacturing equipment that was bought for $12,600. It has an estimated useful life...

Accounting
Q

s Wolanin Containers currently uses a recycled plastic to make bottles for the food industry....

Accounting
Q

As soon as possible Question 3 (20 points) Prepare journal entries for February, 2014...

Accounting
Q

Your friend, who owns Maui Company, started the year with a beginning balance in inventory...

Accounting
Q

On July 1, 2021, Sheridan Satellites Corporation issued $1,400,000 of 10 -year, 7% bonds to...

Accounting