On March 1, the actual cash received from cash sales was $36,006, and the amount indicated by the cash register total was $36,010. Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, $36,006

Cash short and over Dr, $4

($36,010 - $36,006)

To Sales $36,010

(Being cash sales, cash short and over is recorded)

Therefore, to record cash sales, cash short and over we debited cash and cash short and over while credited sales.