Answer:
June 6
Step-by-step explanation:
The journal entry for June 6th will record the cash receipts and cash sales, considering the difference between the actual cash received and the cash register total. Here's the breakdown:
Date: June 6
Accounts and Amounts:
Cash (Debit): $8,276 (This reflects the actual cash received)
Cash Sales (Credit): $8,276 (This represents the revenue from cash sales)
Cash Short and Over (Debit/Credit): $0 (Since the actual cash received matches the cash register total almost exactly, there's no cash short or over)
Explanation:
We debit Cash because cash is an asset that increases with this transaction.
We credit Cash Sales because revenue from cash sales increases equity.
Cash Short and Over is typically used when the actual cash received differs from the cash register total. In this case, the difference is $14 ($8,276 - $8,262), which is a very small amount. We can consider it negligible for this scenario, so Cash Short and Over remains at $0 (neither debited nor credited).