Question

The actual cash received from cash sales was $38,566, and the amount indicated by the cash register total was $38,583. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank.

Answer 1

Journal entry

Step-by-step explanation:

The journal entry is as follows

Cash $38,566

To Cash short and over $17

To Sales $38,583

(Being the cash receipts and the cash sales is recorded)

While recording this transaction we debited the cash and credited the sales and remaining balance is transferred to cash short and over account