Royal Jewels a retail business started business on June 25 2

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 TRANSACTIONS June 25 Cash sales per the cash register tape, $1,227. 26 Cash sales per the cash register tape, $1,341. 27 Cash sales per the cash register tape, $1,351. 28 Cash sales per the cash register tape, $1,283 29 Cash sales per the cash register tape, $1,127. 30 Cash sales per the cash register tape, $1,369. Cash count, $1,520. Cash count, $1,631. Cash count, $1,652 Cash count, $1,573. Cash count, $1,430. Cash count, $1,659. 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 General Ledger Analyze Record the cash receipts in a general journal View transaction list Journal entry worksheet 2 3 4 6 Cash sales per the cash register tape, $1,227. Cash count, $1,520 Note: Enter debits before credits

Solution

Date Accounts Title Dr Cr 25-Jun Cash (bal fig) $1,220 Cash short or over (300+1227-1520) 7 Sales Revenue $1,227 26-Jun Cash (bal fig) $1,331 Cash short or over (300+1341-1631) 10 Sales Revenue $1,341 27-Jun Cash (bal fig) $1,352 Cash short or over (300+1351-1652) 1 Sales Revenue $1,351 28-Jun Cash (bal fig) $1,273 Cash short or over (300+1283-1573) 10 Sales Revenue $1,283 29-Jun Cash (bal fig) $1,130 Cash short or over (300+1127-1430) 3 Sales Revenue $1,127 30-Jun Cash (bal fig) $1,359 Cash short or over (300+1369-1659) 10 Sales Revenue $1,369 ans 2 Cash Short or over Account No 620 Date Dr Credit balance 25-Jun 7 7 26-Jun 10 17 27-Jun 1 16 28-Jun 10 26 29-Jun 3 23 30-Jun 10 33 ans 3 as an expense on income statement Dear student there aree two different questions. I have done the first one