A cashier for Seaside Electronics rang up sales totaling $8,000,but had only $7,994 to deposit,which journal entry would be recorded? A debit to:
A) Cash of $7,994 and Cash Shortage of $6 and a credit to Sales Revenue of $8,000.
B) Sales Revenue of $7,994 and Cash Shortage of $6 and a credit to Cash of $8,000.
C) Cash of $7,994 and a credit to Cash Shortage of $6 and Sales Revenue of $8,000.
D) Cash of $7,994 and Cash Shortage of $6 and a credit to Unearned Revenue of $8,000.
Correct Answer:
Verified
Q71: The cashier uses the cash register and
Q72: A cash register does not:
A)restrict access to
Q73: The volume of transactions is enormous and
Q74: Assigning sequential numbers to cash sales,so that
Q75: An example of the internal control principle
Q77: Comparing the cash in the register with
Q78: Cashiers at a supermarket have to talk
Q79: When cash is received from a remote
Q80: Which of the following is not related
Q81: Which of the following statements concerning a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents