Get Form Gc2 127c

Filling out the Form Gc2 127c online is essential for summarizing monthly income from punch boards and pull-tabs. This guide provides clear and structured instructions to ensure accuracy and compliance in reporting cash prizes.

Follow the steps to successfully complete the Form Gc2 127c.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your licensee name in the designated field at the top of the form.
3. Fill in the month and year for which you are reporting the income.
4. For each game, provide the name of the game and its Washington State I.D. Stamp number or label.
5. Record the series number of the game.
6. Complete the 'In Play' and 'Out' fields with the appropriate data.
7. Now, focus on the computation of gross gambling receipts. Start by filling out the size of the game, which is the total number of punches or pull-tabs available before play.
8. Input the number not sold, which is the total remaining unplayed before the device is removed from play.
9. Calculate the number played by taking the size of the game subtracting the number not sold.
10. Fill in the cost per play, ensuring that this amount is consistent with what is posted on the flare.
11. Calculate gross gambling receipts by multiplying the number played by the cost per play.
12. Enter the total cash prizes awarded in the cash prizes section.
13. Determine the net gambling receipts by subtracting cash prizes from gross gambling receipts.
14. Record the actual cash count, reflecting the cash on hand when collecting the device.
15. Calculate cash over or short by subtracting actual cash count from net gambling receipts. Identify any discrepancies.
16. Sum up and provide totals for all relevant sections before saving changes.
17. After reviewing for accuracy, save the form, download it if needed, print a copy, or share it for further processing.

Complete your Form Gc2 127c online today for accurate financial reporting.