At the end of the day,the cash register's record shows $1,000 but the count of cash in the register is $1,035.The proper entry to record this excess includes a:
A)Credit to Cash for $35.
B)Debit to Cash for $35.
C)Credit to Cash Over and Short for $35.
D)Debit to Cash Over and Short for $35.
E)Debit to Petty Cash for $35.

Question

Quizplus · Accepted Answer

The excess cash in the register is considered a cash overage, which is recorded by debiting the Cash Over and Short account.

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