Asked by pizza and spagghetti on Jun 30, 2024
Verified
At the end of the day on March 15,the cash register's record shows $1,957,but the count of cash in the register is $1,965.Prepare the general journal entry to record the day's cash sales.
General Journal Entry
A record in accounting that notes the debit and credit transactions affecting financial statements.
Cash Register
A machine used in retail for calculating and recording sales transactions and storing money.
Cash Sales
Cash sales refer to transactions where payment is made in cash at the time of sale, without deferral.
- Gain insight into the reasons and processes for preserving and renewing a petty cash fund.
- Execute internal control measures on monetary transactions to safeguard against and pinpoint mistakes and deception.
Verified Answer
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Learning Objectives
- Gain insight into the reasons and processes for preserving and renewing a petty cash fund.
- Execute internal control measures on monetary transactions to safeguard against and pinpoint mistakes and deception.
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