Please solve the attached exercise.
Brief Exercise 8-6
The cash register tape for Bluestem Industries reported sales of $27,402.00.
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 $53.50.
(b) Cash on hand exceeds cash to be accounted for by $20.50. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)