Entry for Cash Sales; Cash Short The actual cash received from the day’s cash sales was $27,196, and the amount indicated by the cash register total was $27,247. a. What is the amount deposited in the bank for the day's sales? $ b. What is the amount recorded for the day's sales? $ c. How should the difference be recorded? of $ should be recorded as d. If a cashier is consistently over or short, what action should be taken?

Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?