User Account

All Pages

What is the amount deposited in the bank for the day sales

Assignment Help Accounting Basics
Reference no: EM132710632

Problem - Entry for cash sales; cash short

The actual cash received from the day's cash sales was $18,125 and the amount indicated by the cash register total was $18,200.

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?

Reference no: EM132710632

Questions Cloud

The value of fair treatment in the workplace : You have been hired as a management consultant by a large company to examine the company's business decisions regarding employee protections
Measuring the return of the different csr initiaves : Social return on investment (SRI) is a way of measuring the return of the different CSR initiaves to the society.
Prepare a bank reconciliation : A check for $180 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $810. Prepare a bank reconciliation
Explain current challenges concerning discrimination : What are some of the current challenges concerning discrimination that managers will encounter
What is the amount deposited in the bank for the day sales : The actual cash received from the day's cash sales was $18,125. What is the amount deposited in the bank for the day's sales
Comprehensive change management process : Choose a Middle Eastern organization in which you are currently working, or with which you are familiar.
Difference between controlled and uncontrolled documents : What is the difference between controlled and uncontrolled documents? To who do each of them apply to?
Conduct a basic task analysis for the specified task : Select a situation or a circumstance within the work or community environment. Considering hazard & risk and with regards to the varying processes generalis
How can sales clerks employed at sherry fashions : There are a large number of returns under $100 without receipts. How can sales clerks employed at Sherry Fashions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entry necessary to record the purchase

On January 1, 2016, Barbosa Company purchased a coal mining site for $1,000,000. Prepare the journal entry necessary to record the purchase of coal mining site

  Total fixed manufacturing overhead costs

Wlacek Corporation has received a request for a special order of 5,500 units of product F65 for $27.40 each. Product F65's unit product cost is &27.15, determined as follows: Direct labor is a variable cost. The special order would have no effect ..

  Identify each cost as relevant or irrelevant

Then analyze your results to determine whether Global Airways should make the stop in Phoenix or continue

  Abylli company does not use a database system

Abylli Company does not use a database system rather, it maintains separate data files in each of its departments. Accordingly, when a sale occurs, the transaction is initially recorded in the sales department.

  What is a contingent liability

What is a contingent liability? How is one reflected in the financial statements and the footnotes? How is this accounting treatment consistent with the concept of a liability?

  Forty percent of fixed manufacturing overhead consists of

during heaton companys first two years of operations the company reported absorption costing net operating income as

  Find what should be the adjusted cash balance at march

Find What should be the adjusted cash balance at March 31, 2013?Bob Company has the records available when preparing its bank reconciliation

  Determine the proper unit inventory price in the following

In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the followingcases.

  Caculate the maximum deduction you can take

If your modified adjusted gross income is less than $80,000 ($160,000 married filing jointly), For 2015, the maximum deduction you can take is

  How decision will have an affect on your pricing for hotel

You operate a group of hotels which have seen an increase in the amount of reservations. Explain how your decision will have affect on your pricing for hotel

  Calculate top cal operating leverage at the end of 2014

Calculate Top Cal's operating leverage at the end of 2014, assuming that 2014 sales decrease to 30,000 units.

  Bakker corporation applies manufacturing overhead on the

bakker corporation applies manufacturing overhead on the basis of direct labor-hours. at the beginning of the most

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd