Present entries to record the transactions for two days

Assignment Help Financial Accounting

Reference no: EM132721307

Problem 1: The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Present entries to record the transactions for each of the two days of cash receipts from sales.

a. Actual cash in cash register, $3,096; cash receipts per cash register tally, $3,112.

b. Actual cash in cash register, $4,239; cash receipts per cash register tally, $4,118.

Reference no: EM132721307

Questions Cloud

Provide two examples of cancer disparities : Cancer affects all population groups in the United States, but due to social, environmental, and economic disadvantages, certain groups bear a disproportionate

What price should be charged for each drink : What price should be charged for each drink? Gulpit Limited manufactures two popular high energy drinks for dynamic business professionals

Explain the importance of considering existing privacy laws : The United States continues to experience challenges with respect to health reform. There is considerable agreement on the need for health reform; however.

What dan must be a partial owner of a : $25,000 in taxable income last year. Dan did not have to pay any personal tax on his share of the firm's income. Dan must be a partial owner of a

Present entries to record the transactions for two days : Present entries to record the transactions for each of the two days of cash receipts from sales. Actual cash in cash register, $3,096; cash receipts per cash

What are some of the typical line items : What are some of the typical line items that appear in a health education program budget? What are direct costs? What are indirect costs?

Create and reinforce a culture of inclusion : What can companies do to create and reinforce a culture of inclusion?

What is the probabilitycalculators will be returned for fund : Johnson Electronics, What is the probability that 27 or more of the 500 calculators will be returned for fund or replacement within a 2-year period?

Implementing new interorganizational system : You are a member of the Human Resource Department of a medium-sized organization that is implementing a new interorganizational system

User Account

All Pages