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    heathermwittman's Avatar
    heathermwittman Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 21, 2013, 12:26 PM
    What will credit be?
    When recording cash sales, how much would cash be debited for if sales receipts totaled $5475 and cash short/over is credited for $93? What would your credit to sales be?

    Find total payments made from an $80 petty cash fund if there’s a $4 shortage and $6 actually left in the account.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Nov 21, 2013, 12:53 PM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
    maizy142351's Avatar
    maizy142351 Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Nov 22, 2013, 08:45 AM
    I have a problem similar to this question. For this I figured:

    My answer is:

    Cash Sales 5,475 dr
    Cash short/over 93 cr
    Cash 5382 dr

    Credit sales would be -$105?

    My numbers are slightly different but I just plugged these numbers listed above.


    As for the Second question:
    Petty Cash $80 dr
    Cash $80cr

    Miscellaneous Expense $76
    Cash Shortage $4cr
    Cash $80cr



    Do I have the right idea to this question?
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