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Vanessa's Gymnastics' cash register tapes do not agree with cash receipts.The facts are: total cash register tapes $400;total coins and currency $404.The summary journal entry to record the day's transactions would include a:
Net Cash
The amount of cash available after all cash inflows and outflows have been accounted for, typically within a specific period.
Operating Activities
Activities that relate to the primary operations of a company, such as selling products or providing services, as opposed to financing or investing activities.
Investing Activities
Financial transactions involving the purchase or sale of long-term assets and investments.
Net Cash
The amount of cash and cash equivalents minus any liabilities or financial obligations.
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