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majestico majestico
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Posts: 1455
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6 years ago
Vanessa's Gymnastics' cash register tapes do not agree with cash receipts. The facts are: total cash register tapes $400; total coins and currency $404. The summary journal entry to record the day's transactions would include a:
A) $404 debit to Cash; $4 credit to Cash Short and Over; and $400 credit to Service Revenue.
B) $404 debit to Cash and $404 credit to Service Revenue.
C) $400 debit to Cash and $400 credit to Service Revenue.
D) $400 debit to Cash; $4 debit to Cash Short and Over; and $404 credit to Service Revenue.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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6 years ago
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majestico Author
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#2
6 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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