ACC 291 Week 3 Apply: Connect Assignment
ACC 291 Week 3 Apply: Connect Assignment
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ACC 291 Week 3 Apply: Connect Assignment
https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM
ACC 291 Week 3 Apply: Connect Assignment
1
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, $1,226.
|
|
|
|
Cash count, $1,518.
|
|
|
26
|
Cash sales per the cash register tape, $1,336.
|
|
|
|
Cash count, $1,629.
|
|
|
27
|
Cash sales per the cash register tape, $1,347.
|
|
|
|
Cash count, $1,650.
|
|
|
28
|
Cash sales per the cash register tape, $1,278.
|
|
|
|
Cash count, $1,571.
|
|
|
29
|
Cash sales per the cash register tape, $1,123.
|
|
|
|
Cash count, $1,428.
|
|
|
30
|
Cash sales per the cash register tape, $1,364.
|
|
|
|
Cash count, $1,657.
|
Required:
- Record the cash receipts from June 25 to June 30, 2019, in a general journal.
- 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?
ACC 291 Week 3 Apply: Connect Assignment
https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM
ACC 291 Week 3 Apply: Connect Assignment
1
Royal Jewels, a retail business, started business on June 25, 2019. It keeps a $300 change