Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, o fund custodian authorized and signed petty cash tickets as follows:
E7-17 Accounting for petty cash
Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, o fund custodian authorized and signed petty cash tickets as follows:
Requirements
1. Make the general journal entry to create the petty cash fund. Include an explanation.
2. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $40. Include an explanation.
3. Assume that Jackie's Dance Studio decides to decrease the petty cash fund to $120. Make the general journal entry to record this decrease.
Homework Answers
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Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, o fund custodian authorized and signed petty cash tickets as follows:
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian...
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Read the reguirements Make the general joumal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Requirement Credit Date Accounts and Explanation Debit Data Table Petty Cash Ticket No....
Please explain your answer. Thank you. tor employees. Learning Objective 4 E7-17 Accounting for petty cash...
Please explain your answer. Thank you.
tor employees. Learning Objective 4 E7-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: 2. Cash Short & Over $15 Amount $ 20 N- Petty Cash Ticket No. Item Account Debited Delivery of programs to customers Delivery Expense Mail package Postage Expense Newsletter Printing Expense Key to closet Miscellaneous Expense Copier paper Office Supplies...
Financial Accounting - Section 153 Homework: Homework CH7 Score: 0 of 10 pts E7-17 (similar to)...
Financial Accounting - Section 153 Homework: Homework CH7 Score: 0 of 10 pts E7-17 (similar to) 6 of 10 (4 complete) Joy's Dance Studio created a $370 imprest petty cash fund During the month the fund custodian authorized and signed petty cash tickets as follows (Click the icon to view the petty cash tickets.) Read the requirements Requirements Requirement 1. Make the general journal entry to create the petty cash fund in Date Accounts and Explanation Debit 1. Make the...
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.)...
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.) ment, the fund contains these Terchandise Inventory i Data Table Х ffice Supplies, Travel Expense, Deli aracteristics and the internal Petty Cash Ticket Number 101 Item Amount balance at all times, which pport payments from the fund. The tit the ar Office supplies Cab fare for executive Delivery of package across town Business dinner w much cash should the pe y cash fund should...
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400.
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400. During June, Ruth Mangan, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $245. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and...
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance...
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $600. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $295. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements Requirement 1. Explain...
Q1 Ch8 Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
Cullumber Company designated Alexa Kidd as petty cash custodian and established a petty cash fund of...
Cullumber Company designated Alexa Kidd as petty cash custodian
and established a petty cash fund of $400. The fund is reimbursed
when the cash in the fund is at $58. Petty cash receipts shows that
funds were disbursed for $160 of supplies and $181 of freight
charges on inventory purchases. Prepare the entries that are
necessary to record following independent transactions.
Assume that Cullumber decides to increase the size of the petty
cash fund to $620 immediately after the reimbursement....
Please explain your answer. Thank you! Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose...
Please explain your answer. Thank you!
Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, fund custodian, signs the following petty cash tickets: 2. June 30, Cash CR $160 Petty Cash Ticket Number Item Amount Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner On June 30, prior to...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Read the reguirements Make the general joumal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Requirement Credit Date Accounts and Explanation Debit Data Table Petty Cash Ticket No....
Please explain your answer. Thank you.
tor employees. Learning Objective 4 E7-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: 2. Cash Short & Over $15 Amount $ 20 N- Petty Cash Ticket No. Item Account Debited Delivery of programs to customers Delivery Expense Mail package Postage Expense Newsletter Printing Expense Key to closet Miscellaneous Expense Copier paper Office Supplies...
Financial Accounting - Section 153 Homework: Homework CH7 Score: 0 of 10 pts E7-17 (similar to) 6 of 10 (4 complete) Joy's Dance Studio created a $370 imprest petty cash fund During the month the fund custodian authorized and signed petty cash tickets as follows (Click the icon to view the petty cash tickets.) Read the requirements Requirements Requirement 1. Make the general journal entry to create the petty cash fund in Date Accounts and Explanation Debit 1. Make the...
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.) ment, the fund contains these Terchandise Inventory i Data Table Х ffice Supplies, Travel Expense, Deli aracteristics and the internal Petty Cash Ticket Number 101 Item Amount balance at all times, which pport payments from the fund. The tit the ar Office supplies Cab fare for executive Delivery of package across town Business dinner w much cash should the pe y cash fund should...
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400. During June, Ruth Mangan, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $245. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and...
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $600. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $295. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements Requirement 1. Explain...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
Cullumber Company designated Alexa Kidd as petty cash custodian
and established a petty cash fund of $400. The fund is reimbursed
when the cash in the fund is at $58. Petty cash receipts shows that
funds were disbursed for $160 of supplies and $181 of freight
charges on inventory purchases. Prepare the entries that are
necessary to record following independent transactions.
Assume that Cullumber decides to increase the size of the petty
cash fund to $620 immediately after the reimbursement....
Please explain your answer. Thank you!
Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, fund custodian, signs the following petty cash tickets: 2. June 30, Cash CR $160 Petty Cash Ticket Number Item Amount Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner On June 30, prior to...
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