Scharf Company Is a Retailer Located in a State Without

question 69

Essay

Scharf Company is a retailer located in a state without sales tax. The following data were given to you to complete the transactions for the day's sales to be recorded. All cash drawers start with $100 in change.Record the journal entries for EACH cash register to determine the cashier's accuracy. $\begin{array}{lrrrr}&\text { Reg. } 1&\text { Reg. } 2&\text { Reg. } 3&\text { Reg. } 4\\\text { Cash in drawer } & \$ 974.50 & \$ 1,383.66 & \$ 939.46 & \$ 1,137.91 \\\text { Sales reading } & 879.50 & 1,298.16 & 839.46 & 1,030.33 \\\hline \text { Difference }\end{array}$ ​ $\begin{array}{|c|c|c|}\hline \text { Description } & \text { Debit } & \text { Credit } \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$

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Definitions:

Mudcracks

Patterns of cracks formed by the drying of mud, indicative of alternating wet and dry conditions, found in both modern and ancient sediments.

Cross Beds

Layers of rock that are inclined relative to the horizontal surface, typically formed by wind or water currents.

Fossils

The preserved remains, impressions, or traces of once-living organisms from a past geological age, embedded and preserved in sedimentary rocks.

Marine Layers

Strata of moist ocean air that is cooled below its dew point temperature and thus forms a layer of clouds at the surface or near the surface of a large body of water.