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:

Question

Quizplus · Accepted Answer

The cash overage of $2,000 (the difference between the cash counted and the sales rung up) should be credited to Cash Overage, as it represents an excess amount that was not accounted for in sales.

Cash Sales Rung Up by Cashiers Totaled $117,000