4.
Brief Exercise 4-13 Record employee purchases (LO4-6)
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month. employees made one expenditure from the petty cash fund (entertainment, $15) and three expenditures with the credit card (postage, $52; delivery, $77; supplies expense, $42).
Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
7.
Exercise 4-12A Record transactions for employee purchases (LO4-6)
Halle's Berry Farm establishes a $400 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $318 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:
Required:
1. Record the establishment of the petty cash fund on September 4.
2. Record credit card expenditures during the month. The credit card balance is not yet paid.
3. Record petty cash expenditures during the month.
4 | No | Transaction | General Journal | Debit | Credit |
1 | 1 | Postage Expense | 52 | ||
Delivery Expense | 77 | ||||
Supplies Expense | 42 | ||||
Accounts Payable | 171 | ||||
2 | 2 | Entertainment Expense | 15 | ||
Petty Cash | 15 | ||||
7 | Date | General Journal | Debit | Credit | |
September 04 | Petty Cash | 400 | |||
Cash | 400 | ||||
September 30 | Repair & Maintenance Expense | 112 | |||
Postage Expense | 67 | ||||
Delivery Expense | 77 | ||||
Accounts Payable | 256 | ||||
September 30 | Entertainment Expense | 82 | |||
Petty Cash | 82 | ||||
Exercise 4-13A Record transactions for employee purchases
(LO4-6)
T. L. Jones Trucking Services establishes a petty cash fund on
April 3 for $450. By the end of April, the fund has a cash balance
of $387. The company has also issued a credit card and authorized
its office manager to make purchases. Expenditures for the month
include the following items:
Exercise 4-13A Record transactions for employee purchases (LO4-6) T. L. Jones Trucking Services establishes a petty cash fund on April...
Halle's Berry Farm establishes a $400 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $312 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) $88 Lawn maintenance (credit card) 118 Postage...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $271 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
Halle’s Berry Farm establishes a $200 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $30 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) $ 170 Lawn maintenance (credit card) 420 Postage (credit card) 575...
ek 5 - CH 4 Saved Help Save & Exit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completic Return to a 2 Exercise 4-12A Record transactions for employee purchases (L04-6) 5. nts Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenish the end of each month. At the end of...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $275 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
A company establishes a petty cash fund on August 3 for $490. The fund is replenished at the end of each month. The company has also issued a credit card for its office manager to make more substantial purchases. At the end of August, the following purchases have been made: Record the establishment of the petty cash fund on August 3. On August 31, record the petty cash expenditures during the month and the employee credit card expenditures during the month....
Clooney Corp. establishes a petty cash fund for $200 and issues
a credit card to its office manager. By the end of the month,
employees made one expenditure from the petty cash fund
(entertainment, $20) and three expenditures with the credit card
(postage, $53; delivery, $78; supplies expense, $43).Separately record employee credit card expenditures and employee
petty cash expenditures. The credit card balance will be paid
later. (If no entry is required for a transaction/event,
select "No Journal Entry Required"...
Clooney Corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $56; delivery, $81; supplies expense, $46). Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry Required"...
Clooney Corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund entertainment, $15) and three expenditures with the credit card (postage, $58; delivery, $83; supplies expense, $48). Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry...