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Entry for Coins, currency (paper money), checks, money orders, and money on deposit available for...

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Accounting

Entry for Coins, currency (paper money), checks, money orders, and money on deposit available for unrestricted withdrawal from banks and other financial institutions.Cash Sales; Cash Short

The actual cash received from the days cash sales was $27,213, and the amount indicated by the cash register total was $27,239.

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? $

How should the difference be recorded? The cash shortage

The cash overage

The cash shortage

of $ should be recorded as Cash Short and Over

d. If a cashier is consistently over or short, what action should be taken? The cashier should receive additional training

Answer & Explanation Solved by verified expert
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