On may16 the cash register tape shows that cash sales are

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Reference no: EM13596692

On May16, the cash register tape shows that cash sales are $2,080 and sales tax is $104 for total sales of $2,184. The actual cash in the cash register drawer, after subtracting the amount of change fund is $2,180.

Instruction:

Prepare the appropriate T-accounts and pass the journal entries for the transaction.
Assignment 2 (10 points):

On February 28, American Sports Wear writes check No. 567 for $89 to replenish the petty cash fund. The following are the classified account totals.

Supplies $23.45
Delivery Expenses $30.00
Utility Expenses $10.00
Advertisement Expenses $25.55

Instruction:
Journalize the business transaction.

Reference no: EM13596692

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