Determine the Cash Short (-) or Over (+) Given the Following

question 110

Short Answer

Determine the cash short (-) or over (+) given the following:
The balance per the Petty Cash account $75.
The count of coin and currency amounts to $22.
There are receipts: for gas of $9, for office supplies of $18, for first aid supplies $14.

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Definitions:

Promisee

The party in a contract to whom a promise is made by another party (the promisor), and who stands to benefit from the fulfillment of that promise.

State Common Law

The body of law developed through court decisions and precedent, as opposed to laws enacted by a legislative body, within a particular state.

Article 2

A portion of the Uniform Commercial Code that deals specifically with the sale of goods.

Statute

A written law passed by a legislative body at both the federal and state levels, intended to prescribe or prohibit certain actions.