While examining cash receipts information, the accounting department of BlueFly Foods determined the following information: opening cash balance $150, cash on hand $1,130, and cash sales per register tape $986. (a) Prepare the required journal entry based upon the cash count sheet. (b) Prepare the same entry, assuming the cash register tape showed sales of $972.

Question

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The Answer of While examining cash receipts information, the accounting department of BlueFly Foods determined the following information: opening cash balance $150, cash on hand $1,130, and cash sales per register tape $986. (a) Prepare the required journal entry based upon the cash count sheet. (b) Prepare the same entry, assuming the cash register tape showed sales of $972.

While Examining Cash Receipts Information, the Accounting Department of BlueFly