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The cash register tape for bluestem industries reported sale

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Reference no: EM131750115

Please solve the attached exercise.

Brief Exercise 8-6

The cash register tape for Bluestem Industries reported sales of $27,402.00.

Record the journal entry that would be necessary for each of the following situations.

(a) Cash to be accounted for exceeds cash on hand by $53.50.

(b) Cash on hand exceeds cash to be accounted for by $20.50. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Reference no: EM131750115

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