For united company, suppose that the cash indicated sales of 7000 $, but the amount...

70.2K

Verified Solution

Question

Accounting

image

For united company, suppose that the cash indicated sales of 7000 $, but the amount of cash was only 6950 $. A cash shortfall of 50 $ exists. The cash shortfall entry is O a. Sales revenue 7000 cash over and short 50 cash 6950 O b. Cash 50 Cash over and short 6950 Sales revenue 7000 O c. Cash 6950 Cash over and short 50 Sales revenue 7000 O d. Cash 7000 Sales revenue 6950 Cash over and short 50

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students