Record the journal entry for sales and for cash over and short for each of the following separate situations. the cash register’s record shows $560 of cash sales, but the count of cash in the register is $598. the cash register’s record shows $1,148 of cash sales, but the count of cash in the register is $1,112.

Here, we need to prepare journal entry for the following below sales which had Cash Over and Short.

                            Journal Entries

S/N  Account titles and Explanation     Debit   Credit

1.     Cash Account                                    $598

              To Sales                                                   $560

              To Cash over and short                           $38

(Balance therein is credited to the cash over and short account)

2.   Cash Account                                      $1,112

     To Cash over and short                       $36

              To Sales                                                    $1,148

(Balance therein is debited to the cash over and short account)

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Explanation:

The journal entries are shown below:

1. Cash A/c Dr$598

     To Sales $560

     To Cash over and short $38

(Being the cash sales are recorded and the remaining balance is credited to the cash over and short account)

2. Cash A/c Dr $1,112

   Cash over and short A/c Dr $36

           To Sales A/c $1,148

(Being the cash sales are recorded and the remaining balance is debited to the cash over and short account)

it id the first and last option

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