*E7.19 (LO 5), AP Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
*E7.19 (LO 5), AP Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
Journalize and post petty cash fund transactions.
Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200.
15 Replenished the petty cash fund by writing a check for $175. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36, postage expense $33.70, and miscellaneous expense $27.50.
16 Increased the amount of the petty cash fund to $400 by writing a check for $200.
31 Replenished the petty cash fund by writing a check for $283. On this date, the fund consisted of $117 in cash and these petty cash receipts: postage expense $145, entertainment expense $90.60, and freight-out $46.40.
Instructions
a. Journalize the petty cash transactions.
b. Post to the Petty Cash account.
c. What internal control features exist in a petty cash fund?
Homework Answers
Add Answer to:
*E7.19 (LO 5), AP Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
r small expenditures. These transactions P8.3A (LO 2) Kael Company maintains a petty cash fund fo...
r small expenditures. These transactions P8.3A (LO 2) Kael Company maintains a petty cash fund fo occurred during the month of August. Established the petty cash fund by writing a check payable to the petty cash custodian for $200 Replenished the petty cash fund by writing a check for $175. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36, postage expense $33.70, and miscellaneous expense $27.50. Aug. 1 15...
Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
Problem 7-03A a-b Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200.00. 15 Replenished the petty cash fund by writing a check for $175.00. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36.00, postage expense $33.70, and miscellaneous expense $27.50. 16 Increased the amount of...
Crane Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of Augus...
Crane Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200. 15 Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $3.00 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $45.00, postage expense $40.00, and miscellaneous expense $19.00. 16 Increased the amount...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
B. Petty Cash Kamil Inc. maintains a petty cash fund for small expenditures. These transactions occurred...
B. Petty Cash Kamil Inc. maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $250. 15 Replenished the petty cash fund by writing a check for $199.60. On this date, the fund consisted of $50.40 in cash and these petty cash receipts: freight-out $85.10, entertainment expense $42, postage expense $38.00, and miscellaneous expense $32.50. 16...
Sheffield Company maintains a petty cash fund for small expenditures. These transactions occurred during the month...
Sheffield Company maintains a petty cash fund for small
expenditures. These transactions occurred during the month of
August.
Aug. 1
Established the petty cash fund by
writing a check payable to the petty cash custodian for $215.
15
Replenished the petty cash fund by
writing a check for $211.80. On this date, the fund consisted of
$3.20 in cash and these petty cash receipts: freight-out $96.00,
entertainment expense $48.90, postage expense $41.10, and
miscellaneous expense $24.80.
16
Increased the amount...
Problem 8-03A a-b (Video) Sunland Company maintains a petty cash fund for small expenditures. These transactions occurr...
Problem 8-03A a-b (Video) Sunland Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 15 Repleniehed the each fund $47.10, postage expense $43.50, and miscellaneous expense $11.40. 16 Increased the amount of the petty cash fund to $305 by writing a check for $105.00. Established the petty cash fund by writing a check payable to the petty cash custodian for $200. .... check for $196.70. On this date. the fund consisted...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway Company maintains a petty cash fund for small...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $225. 15 Replenished the petty cash fund by writing a check for $221.90. On this date, the fund consisted of $3.10 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $48.30, postage expense $42.10, and...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway Company maintains a petty cash fund for small...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $225. 15 Replenished the petty cash fund by writing a check for $221.90. On this date, the fund consisted of $3.10 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $48.30, postage expense $42.10, and...
r small expenditures. These transactions P8.3A (LO 2) Kael Company maintains a petty cash fund fo occurred during the month of August. Established the petty cash fund by writing a check payable to the petty cash custodian for $200 Replenished the petty cash fund by writing a check for $175. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36, postage expense $33.70, and miscellaneous expense $27.50. Aug. 1 15...
Problem 7-03A a-b Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200.00. 15 Replenished the petty cash fund by writing a check for $175.00. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36.00, postage expense $33.70, and miscellaneous expense $27.50. 16 Increased the amount of...
Crane Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200. 15 Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $3.00 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $45.00, postage expense $40.00, and miscellaneous expense $19.00. 16 Increased the amount...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
B. Petty Cash Kamil Inc. maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $250. 15 Replenished the petty cash fund by writing a check for $199.60. On this date, the fund consisted of $50.40 in cash and these petty cash receipts: freight-out $85.10, entertainment expense $42, postage expense $38.00, and miscellaneous expense $32.50. 16...
Sheffield Company maintains a petty cash fund for small
expenditures. These transactions occurred during the month of
August.
Aug. 1
Established the petty cash fund by
writing a check payable to the petty cash custodian for $215.
15
Replenished the petty cash fund by
writing a check for $211.80. On this date, the fund consisted of
$3.20 in cash and these petty cash receipts: freight-out $96.00,
entertainment expense $48.90, postage expense $41.10, and
miscellaneous expense $24.80.
16
Increased the amount...
Problem 8-03A a-b (Video) Sunland Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 15 Repleniehed the each fund $47.10, postage expense $43.50, and miscellaneous expense $11.40. 16 Increased the amount of the petty cash fund to $305 by writing a check for $105.00. Established the petty cash fund by writing a check payable to the petty cash custodian for $200. .... check for $196.70. On this date. the fund consisted...
Most questions answered within 3 hours.
-
You have a yeast cell culture with a concentration of 5x10^4
cells/ml. If you dilute this...
asked 39 seconds ago -
In which direction the Reaction goes? Show detailed process.
SeO3 + 2ClO2. + 2H3O <---> Se...
asked 14 minutes ago -
Unexposed silver halides are removed from photographic film when
they react with sodium thiosulfate
(Na2S2O3, called...
asked 14 minutes ago -
A 0.3054 gram sample of the mineral chalcopyrite (CuFeS2)
yielded 0.6525 gram BaSO4 precipitate. What is...
asked 14 minutes ago -
An short-seller in Tesla is worried the latest management
earnings forecast is too aggressive and the...
asked 1 hour ago -
Question 3 (1 point)
Fill in the blank. Speed Car Rental company found that the tire...
asked 1 hour ago -
1. A copper wire is 26.61 cm long and weighs 1.265 g. The
density of copper...
asked 38 minutes ago -
Remember that a concept sketch consists of a sketch (or
series of sketches), labels, and complete...
asked 40 minutes ago -
on a newly discovered planet, the period of a pendulum with a
length of 2 m...
asked 42 minutes ago -
Why [M(CN)6] is not organometallic even it has metal
to carbon bond too
asked 49 minutes ago -
mstar electric has a bond issue outstanding that has a 20 year
life, a $1,000 par...
asked 56 minutes ago -
This is a Business Writing Question:
Common Types of Faulty Sentence Logic:
A. Mixed constructions
B....
asked 57 minutes ago