Cash sales rung up by cashiers totaled $117,000.Cash in the drawer was counted and found to be $119,000.The journal entry to record the day's sales would include
A) a debit to cash for $117,000.
B) a credit to cash overage for $2,000.
C) a credit to sales for $119,000.
D) a debit to sales for $117,000.
Correct Answer:
Verified
Q30: If a company's ending inventory count was
Q123: Use the information above to answer the
Q124: Use the information above to answer the
Q125: Passwords are an example of which internal
Q127: The purpose of internal controls includes all
Q129: The following merchandise transactions occurred during December
Q130: Use the information above to answer the
Q131: Cash flow management may be more challenging
Q133: Which of the following is not an
Q155: Which amount should be reported as cash
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents