Select all that applyA cash register tape reflected total sales equaling $100, but the cash in the cash register drawer equaled $105. Review the statements below and determine which is correct regarding this discrepancy.Multiple select question.The Cash Over and Short account will be credited for $5.The Sales account will be credited for $100.The Cash Over and Short account will be debited for $5.The Sales account will be credited for $105.The Cash account will be debited for $105.The extra $5 collected will be treated as a miscellaneous revenue.

The cash in a cash register equaled $100, but the record of cash receipts/sales equaled $102. Determine which of the following entries is correct to record cash sales and the shortage.Multiple choice question.Debit Cash $100; credit Cash Over and Short $2; and credit Sales $102.Debit Cash $100; debit Cash Over and Short $2; and credit Sales $102.Debit Cash $102 and credit Sales $102.Debit Cash $102; credit Cash Over and Short $2; and credit Sales $100.

Select all that applyThe journal entry to record $5.6 million in sales on account includes a ______. (Select all that apply.)Multiple select question.debit to Allowance for Doubtful Accounts of $5.6 milliondebit to Accounts Receivable of $5.6 milliondebit to Cash of $5.6 millioncredit to Accounts Payable for $5.6 millioncredit to Sales Revenue of $5.6 million

Select all that applyA company sells a machine that cost $7,000 for $500 cash. The machine had $6,500 accumulated depreciation. The entry to record this transaction will include which of the following entries?Multiple select question.Credit to Cash for $500.Debit to Loss on Sale of Machinery for $500.Credit to Machinery for $7,000.Debit to Cash for $500.Debit to Accumulated Depreciation - Machinery for $6,500.Credit to Gain on Sale of Machinery for $500.Credit to Accumulated Depreciation - Machinery for $6,500.Debit to Machinery for $7,000.

Discount received is recorded on which of the following side of a cash book? A. Receipts B. Payments C. Incomes D. Expenditures

Select all that applyWhat would cause a bank statement not to agree with the cash balance in the accounting records?Multiple select question.Deposits outstanding that have been recorded on the company's records, but not on the bank's.The company wrote checks that have cleared the bank.The company made an error in recording a deposit.The bank paid interest that the company has not recorded.The bank made an error in recording a deposit made by the company.