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At the End of the Day,the Cash Register's Record Shows

Question 3

Multiple Choice

At the end of the day,the cash register's record shows $1,050,but the count of cash in the cash register is $1,055.The correct entry to record the cash sales is


A) Debit Cash $1,055;credit Sales $1,055.
B) Debit Cash $1,055;credit Cash Over and Short $5;credit Sales $1,050.
C) Debit Cash $1,050;credit Sales $1050.
D) Debit Cash $1,050;debit Cash Over and Short $5;credit Sales $1,055.
E) Debit Cash Over and Short $5,credit Sales $5.

Correct Answer:

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