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Question - Recording cash sales; cash over

The actual cash received from cash sales was $14,356, and the amount indicated by the cash register total was $14,290.

a. What is the amount deposited in the bank for the day's sales?

b. What is amount recorded for the day's sales?

c. How should the difference be recorded?

d. If a cashier is consistently over or short, what action should be taken?

Accounting Basics, Accounting

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  • Reference No.:- M92855489
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