5. If a cashler rang up sales totaling $5,098, but had $5,105 to deposit, which
ID: 2544223 • Letter: 5
Question
5. If a cashler rang up sales totaling $5,098, but had $5,105 to deposit, which journal entry would be recorded? A debit to Cash for $5,105 a credit to Cash Overage for $7 and a credit to Sales Revenue for $5.098. A debit to Sales for $5,105 a debit to Cash Overage for $7 and a credit to Cash for $5.098 A debit to Cash for $5,098 a debit to Cash Shortage for $7 and a credit to Sales Revenue for $5.105 A deblt to Cash for $5,098 a deblt to Cash Shortage for $7 and a credit to Unearned Revenue for $5,105.Explanation / Answer
The journal entry would be:
Cash a/c..Dr$5105
To Cash overage a/c..$7
To sales $5098
Hence the correct option is A.