Cash Short and Over Entries
Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained.
Date |
Change Fund |
Cash Register Receipt Amount |
Actual Cash Counted |
|||
July 2 | $100 | $280.70 | $377.00 | |||
9 | 100 | 312.30 | 412.30 | |||
16 | 100 | 303.60 | 407.30 | |||
23 | 100 | 319.40 | 417.00 | |||
30 | 100 | 290.20 | 394.30 |
Determine the ending balance of the cash short and over account.
$
Does it represent an expense or revenue?
