Essay
The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Present entries to record the transactions for each of the two days of cash receipts from sales.
(a)Actual cash in cash register, $5,412.36; cash receipts per cash register tally, $5,413.07.
(b)Actual cash in cash register, $3,712.95; cash receipts per cash register tally, $3,712.16.
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(a)Cash5,412.36Cash Short and ...View Answer
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