Cash sales for the day amount to $1,553.83. The cash count of the cash register amounts to $1,554.95. The journal entry to record cash sales for the day will require:
A)a debit to Cash for $1,553.83.
B)a credit to Sales Revenue for $1,554.95.
C)a debit to Cash Short and Over for $1.12.
D)a credit to Cash Short and Over for $1.12.

Question

Quizplus · Accepted Answer

The Answer of Cash sales for the day amount to $1,553.83. The cash count of the cash register amounts to $1,554.95. The journal entry to record cash sales for the day will require:
A)a debit to Cash for $1,553.83.
B)a credit to Sales Revenue for $1,554.95.
C)a debit to Cash Short and Over for $1.12.
D)a credit to Cash Short and Over for $1.12.

Cash Sales for the Day Amount to $1,553