Homework SourseBased on the information prepare the weekly entries for cash
Based on the information, prepare the weekly entries for cash receipts from seevice fees and cash short and over. A change fund of $100 is maintained. If an amount box does not require an entry, leave it blank. When required enter amounts.
Based on the information, prepare the weekly entries for cash receipts from seevice fees and cash short and over. A change fund of $100 is maintained. If an amount box does not require an entry, leave it blank. When required enter amounts.
Based on the information, prepare the weekly entries for cash receipts from seevice fees and cash short and over. A change fund of $100 is maintained. If an amount box does not require an entry, leave it blank. When required enter amounts.
es Online.. Announcements-Principles of Accounting I-acc1010-… Book Calculator ash Short and Over Entries 1. Based on the information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. If an amount box does not require an entry, leave it blank. When required, enter amour n dollars and cents. Cash Register Receipt Amount $268.50 237.75 309.25 226.50 318.00 Change Actual Cash Counted $354.50 333.50 411.00 324.00 422.00 Date Fund $100 100 100 100 100 Apr. 2 16 23 30 12 Solution
Solution:
| Computation of Cash Short and Over | |||||
| Date | Change Fund | Cash Register Receipt Amount | Required Cash (Change Fund + Receipt Amount) | Actual cash counted | Short / (Over) Cash |
| 2-Apr | $100.00 | $268.50 | $368.50 | $354.50 | $14.00 |
| 9-Apr | $100.00 | $237.75 | $337.75 | $333.50 | $4.25 |
| 16-Apr | $100.00 | $309.25 | $409.25 | $411.00 | -$1.75 |
| 23-Apr | $100.00 | $226.50 | $326.50 | $324.00 | $2.50 |
| 30-Apr | $100.00 | $318.00 | $418.00 | $422.00 | -$4.00 |
