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What is the amount deposited in the bank for the day sales

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Reference no: EM132710632

Problem - Entry for cash sales; cash short

The actual cash received from the day's cash sales was $18,125 and the amount indicated by the cash register total was $18,200.

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

b. What is the 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?

Reference no: EM132710632

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