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Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
What is the journal entry to record receipts from customers?
[Debit] Cash / bank xxxx [Credit] Accounts receivable xxxx
Actual cash received from cash sales was 9755.75. The cash register total was 9735.55. What is the journal entry to record cash receipts and cash sales.?
Cash 9735.75 Cash Short and Over 20.20 Sales 9755.75
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
A 100 petty cash fund has cash of 18 and receipts of 80 The journal entry to replenish the account would include what?
receipts 80 Cash Short(Over) 2 Cash 82
Receipts from cash sales of 9500 were recorded incorrectly in the cash receipts journal as 5900 What entry is required in the depositors accounts?
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
What is the journal entry to record receipts from customers?
[Debit] Cash / bank xxxx [Credit] Accounts receivable xxxx
Actual cash received from cash sales was 9755.75. The cash register total was 9735.55. What is the journal entry to record cash receipts and cash sales.?
Cash 9735.75 Cash Short and Over 20.20 Sales 9755.75
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
A 100 petty cash fund has cash of 18 and receipts of 80 The journal entry to replenish the account would include what?
receipts 80 Cash Short(Over) 2 Cash 82
What does cross-footing a cash receipts journal mean?
Cross-footing a cash receipts journal means
How to you record advances in journal entry?
debit advancescredit cash / bank
How do you record a journal entry for opening a cash account?
debit cash accountcredit bank account
What is the purpose of the cash receipts journal?
The cash receipts journal is used to record all cash inflows for a business, including cash sales, collections from customers, and other sources of cash. It helps in tracking the company’s cash flow, ensuring accurate financial reporting, and maintaining organized records for auditing purposes. By consolidating these transactions in one place, the cash receipts journal also simplifies the process of reconciling cash accounts and analyzing revenue trends.
Can you record transactions in 2 journals Example Can sale of merchandise for cash be put in the cash receipts journal and the sales journal?
A sale of merchandise for cash would be: Debit cash or bank account, Credit sales
What is Journal entry for record of wages?
[debit] wages expensescredit cash / bank
What is Journal entry record of wages?
Debit wages expensesCredit cash / bank
