image

70.2K

Verified Solution

Question

Accounting

image

image

image

Royal Jewels, a retail business, started business on June 25, 2019. It keeps a $300 change fund in its cash register. The cash receipts for the period from June 25 to June 30, 2019 are below. DATE June 25 Cash sales per the cash register tape, $1,222. 26 Cash sales per the cash register tape, $1,336 27 Cash sales per the cash register tape, $1,346. 28 Cash sales per the cash register tape, $1,278. 29 Cash sales per the cash register tape, $1,122 30 Cash sales per the cash register tape, $1,364 TRANSACTIONS Cash count, $1,515 Cash count, $1,626 Cash count, $1,647, Cash count, $1,568. Cash count, $1,425. Cash count, $1,654 ok ences Required: 2. Record the cash receipts from June 25 to June 30, 2019, in a general journal. 3. Post the amounts for Cash Short or Over in the journal entries to the general ledger Analyze: How will the balance in Cash Short or Over on June 30 be reported in the financial statements? Complete this question by entering your answers in the tabs below General Journal Analyze Record the cash receipts in a general journal View transaction list Journal entry worksheet Cash sales per the cash register tape, $1,222, Cash count, $1,515

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