Cash Short and Over Entries Based on the information prepare

Cash Short and Over Entries Based on the information, prepare the weekly entries for cash receipts from service fees and cash short and over. A nge fund of $100 is maintained. If an amount box does not require an entry, leave it blank. When required, enter amounts n dollars and cents Change Fund $100 100 100 100 100 Cash Register Receipt Amount $268.50 237.75 309.25 226.50 318.00 Actual Cash Counted 354.50 333.50 411.00 324.00 422.00 Date Apr. 2 16 23 30

Solution

Date Account Titles and Explanation Debit Credit Apr. 2 Cash 254.50 Cash short and over 14.00 Service fees revenue 268.50 (To record collection of service fees) Apr. 9 Cash 233.50 Cash short and over 4.25 Service fees revenue 237.75 (To record collection of service fees) Apr. 16 Cash 311.00 Cash short and over 1.75 Service fees revenue 309.25 (To record collection of service fees) Apr. 23 Cash 224.00 Cash short and over 2.50 Service fees revenue 226.50 (To record collection of service fees) Apr. 30 Cash 322.00 Cash short and over 4.00 Service fees revenue 318.00 (To record collection of service fees)