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    Sam Lee's Avatar
    Sam Lee Posts: 1, Reputation: 1
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    #1

    Mar 31, 2009, 11:19 AM
    How do I journalize cash
    The cash sales for the day, in cash register is$8882.32, cash from real sales is $8954.21
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Apr 1, 2009, 03:26 AM

    The cash sales for the day, in cash register is$8882.32, cash from real sales is $8954.21.

    Your register does not show the real position.

    1) DEBIT Cash Account $ 8,954.21
    2) CREDIT Sales Account $ 8,954.21

    Being the Sales of the day.
    The register only showed $8,882.32
    There was an overpayment of $72.01
    The amount is within the bounds of immateriality. 0.8 %
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