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Vanessa's Gymnastics' Cash Register Tapes Do Not Agree with Cash

Question 94

Multiple Choice

Vanessa's Gymnastics' cash register tapes do not agree with cash receipts. The facts are: total cash register tapes $410; total coins and currency $416. The summary journal entry to record the day's transactions would include a:


A) $410 debit to Cash; $6 debit to Cash Short and Over; and $416 credit to Service Revenue.
B) $416 debit to Cash; $6 credit to Cash Short and Over; and $410 credit to Service Revenue.
C) $416 debit to Cash and $416 credit to Service Revenue.
D) $410 debit to Cash and $410 credit to Service Revenue.

Correct Answer:

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