The actual cash received during the week ended June 7 for cash sales was $18,468, and the amount indicated by the cash register total was $18,389. Required: Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

Question

Business

Aracely Bennett

21 March, 01:22

The actual cash received during the week ended June 7 for cash sales was $18,468, and the amount indicated by the cash register total was $18,389. Required: Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles.

+5

Answers (1)

Know the Answer?

Park · Answer 1

Debit Credit

Cash $18,468

Sales $18,468

(Being Cash sales made.)

Sales Commission Expense 79

Cash 79

(Being commission paid on sales.)

So thus the balance of cash book = $18468 - 79 = $18,389