What is the amount deposited in the bank


Response to the following problem:

The actual cash received from cash sales was $27,199, and the amount indicated by the cash register total was $27,228.

a. What is the amount deposited in the bank for the day's sales?

b. What is the amount recorded for the day's sales?

c. How should the difference be recorded?

d. If a cashier is consistently over or short, what action should be taken?

 

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Cost Accounting: What is the amount deposited in the bank
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