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While examining cash receipts information, the accounting department determined the following information: opening cash balance $194.00, cash on hand $1,100.25, and cash sales per register tape $911.75. Prepare the required journal entry based upon the cash count sheet.

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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Change in cash = Opening cash + Cash sales - Closing cash on hand

Change in cash = $194 + $911.75 - $1,100.25

Change in cash = $5.5

Journal entry based upon the cash count sheet

Date  Account titles                      Debit       Credit

          Cash                                   $906.25

          Cash over / short               $5.50

                 Sales                                              $911.75

            (Being journal entry to record cash count)

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