What is the balance in the cash short/over account (DR or CR & $ amount)? Is it a revenue or an expense?

McGraw Hill Connect, Chapter 8 Accounting assignment includes:
 
CHAPTER 8 HOMEWORK and CHAPTER 8 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-14-2013
 
AS WELL AS:
 
Upload DOCUMENTS of Chapter 8 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-14-2013 —- SEE BELOW:
 
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Chapter 8 TEST document:
 
 
PROBLEM #1 – 22 points
Greenview Food Store developed the following information in recording its bank statement for the month of March 20XX.
Balance per books on March 31   $     829
Balance per bank on March 31     $  7,030
 
1)    Checks written in March but still outstanding, $5,200.
2)    Checks written in February but still outstanding, $1,200.
3)    Deposits of March 30 and 31 not yet recorded by bank, $3,100.
4)    NSF check of customer returned by bank, $400.
5)    Check #210 for $675 was correctly issued and paid by the bank but incorrectly entered in the cash payments  journal as payment on account for $657, for payment to a creditor.
6)    Bank service charge for March was $31.
7)    A payment on account was incorrectly entered into the cash payments journal and posted to the accounts payable subsidiary ledger for $854 when check #318 was correctly prepared for $584. The check cleared the bank in March.
8)    The bank collected a note receivable for the company for $3,000 plus $80 interest.
Instructions:
a)    Prepare a bank reconciliation for the Greenview Food Store for the month of March 31, 20XX.
b)    Journalize the adjusting entries for Greenview Food Store on March 31, 20XX.
 
Bank Reconciliation:

 
 
 
   
   
   
   
   
   
   
   
   
   
   
   

 
 
 
Journal Entries:

  General Journal    
Date Description Debit Credit
         
         
         
         
         
         
         
         
         
         

 
 
PROBLEM  #2 – 18 points
Jenrob Company completed the following selected transactions during January 20XX.
 
January 1            Established a petty cash fund of $500
15 The cash sales for the day per the register tape were $3,018.
The actual cash received from cash sales were $3,011.
31 Petty cash on hand was $123. Replenished the petty cash fund for the following
disbursements:
Jan  2 Office supplies, $45
10 Postage due on letter, $29 (Miscellaneous Expense)
14 Office supplies, $56.
17 Postage stamps, $42 (Office Supplies).
20 Express charges on merchandise sold, $136 (Delivery Expense).
22 Repair to desk, $63 (Miscellaneous Expense).
30 Office supplies, $12.
31            The cash sales for the day per the register tape were $2,812.
The actual cash received from cash sales were $2,822.
31            Decreased the petty cash fund by $100.
 
 

  General Journal    
Date Description Debit Credit
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         

 
What is the balance in the cash short/over account (DR or CR & $ amount)? Is it a revenue or an expense?
 
            Balance in Cash Short/Over? ______________________________
 
            Revenue or Expense? ____________________________________
 

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