The change fund for Harmony Gourmet is $400, and cash sales per the cash register are $1,600. Cash on hand at the end of the day is $1,989. Cash Over and Short is

Question

Quizplus · Accepted Answer

To find Cash Over or Short, we need to compare the actual cash on hand at the end of the day with the expected cash on hand, which is the sum of the change fund and the cash sales recorded by the cash register.

Expected cash on hand = Change fund + Cash sales = $400 + $1,600 = $2,000

Cash Over or Short = Actual cash on hand - Expected cash on hand

Cash Over or Short = $1,989 - $2,000 = -$11 (short)

Therefore, the answer is B, and the cash register is short $11.

The Change Fund for Harmony Gourmet Is $400, and Cash