Journalize the entries to account for bank deposits


Response to the following problem:

Journalize the entries to account for two bank deposits on June 29 and June 30. The amount of the Change Fund is $100.

a. On June 29, the cash register tape showed $950.86 in income from sales. The amount in the cash drawer was $1,051.86.

b. On June 30, the cash register tape showed $1,327.44 in income from sales. The amount in the cash drawer was $1,426.12.

 

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Accounting Basics: Journalize the entries to account for bank deposits
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