journalizing the receipt of cash

Question

Dec 9, 2006, 03:27 PM

deon

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Join Date: Dec 2006

Posts: 2

journalizing the receipt of cash

At the end of the day, the cash register tape lists $827.27 as total income from services. Cash on hand consists of $15.27 in coins, $694.00 in currency, $80 in traveler's checks, and $236.00 in customers' checks. The amount or the change fund is $200. How do i record this in the general journal form? Please help.

Answers

Dec 9, 2006, 06:25 PM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,664	Dr. Cash 827.27 Cr. Sales 827.27 Unless your teacher wants you to break up Cash in coins, currency, traveler’s checks, etc. But I don’t see why he/she would want that.

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