Cash to be accounted for exceeds cash on hand


Please identify which journal the following belong to. here are your choices : cash payments journal, cash receipts journal, purchases journal, sales journal, and general journal.

1. Cash sale

2. Owner withdrawal of cash

3. cash purchase of land

4 credit sales

5 purchase of merchandise on account

6 receipt of cash for services performed

also ....

The cash register tape for Kelly Kapoor Industries reported sales of $7,109.00.

Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $45.50. (b) Cash on hand exceeds cash to be accounted for by $29.50. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

(a)

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(b)

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Accounting Basics: Cash to be accounted for exceeds cash on hand
Reference No:- TGS0675158

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