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CHART OF ACCOUNTS
Scharf Company
General Ledger
ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Equipment 192 Accumulated Depreciation LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary	REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Supplies Expense 535 Rent Expense 536 Repairs Expense 561 Depreciation Expense 591 Miscellaneous Administrative Expense 592 Miscellaneous Selling Expense 710 Interest Expense

Instruction General Journal The Scharf Company is a retailer located in a state without sales tax. The following data was given to you to complete th transactions for the day's sales to be recorded. All cash Record the journal entries for EACH cash register to determine the cashier's accuracy on December 31. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. drawers start with $100 in change. PAGE Reg. #1 Reg. #2 Reg. #3 Reg. #4 JOURNAL Cash in $974.50 $1,383.66 $939.46 $1,137.91 DATE DESCRIPTION POST. REF. DEBIT CREDIT drawer Sales $879.50 $1,298.16 $839.46 $1,030.33 reading Difference Required: Record the journal entries for EACH cash register to determine the cashier's accuracy. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places

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