At the End of the Day, the Cash Register's Record

question 14

Multiple Choice

At the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245. The correct entry to record the cash sales is

• A) Debit Cash $1,245; Credit Sales $1,245.
• B) Debit Cash $1,245; debit Cash Over and Short $5; credit Sales $1,250.
• C) Debit Cash $1,250; credit Sales $1,250.
• D) Debit Cash $1,250; credit Sales $1,245, credit Cash Over and Short $5.
• E) Debit Cash Over and Short $5, credit Sales $5.

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Definitions:

Commerce

The activity of buying and selling of goods and services, especially on a large scale, involving transportation and trade between parties.

Context

The circumstances or background information surrounding a situation, event, or communication that helps give it meaning.

Community

A group of people living in the same place or having a particular characteristic in common, sharing interests, values, or goals.

Content

The information or experience that is directed towards an end-user or audience, especially in digital media.