Ask Question
22 July, 06:54

The cash register tape for Kingbird Industries reported sales of $10,032.30. Record the journal entry that would be necessary for each of the following situations. (a) Sales per cash register tape exceeds cash on hand by $74.90. (b) Cash on hand exceeds cash reported by cash register tape by $41.34

+4
Answers (1)
  1. 22 July, 09:11
    0
    (a)

    Dr Cash $10,032.30

    Cr Cash Over and Short$74.90

    Cr Sales Revenue $10,107.2

    (b)

    Dr Cash $10,148.54

    CrSales Revenue$10,107.2

    Cr Cash Over and Short$41.34

    Explanation:

    Kingbird Industries

    (a)

    Dr Cash $10,032.30

    Cr Cash Over and Short$74.90

    Cr Sales Revenue $10,107.2

    ($10,032.30+$74.90)

    (b)

    Dr Cash $10,148.54

    (10,107.2+$41.34)

    CrSales Revenue$10,107.2

    Cr Cash Over and Short$41.34
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The cash register tape for Kingbird Industries reported sales of $10,032.30. Record the journal entry that would be necessary for each of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers