Dollars and Cents entered on a form not translated in currency to the Sheet

Our employees fill out a text number form and the corresponding column is set to currency, however, if the amount is "1537.40" and our employee enters "1537.40", the column returns a value of "1537.4" I looked in the forums and could not find a solution to this. If we set the column to currency for default, why does it not allow this formatting? It instantly wants to put two zeros and a decimal point on the end of WHOLE numbers, but not numbers that contain cents. Is there a formula work around this?

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