Petty Cash Fund Entries
Journalize the entries to record the following:
Petty Cash Fund Entries
Journalize the entries to record the following:
a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.
b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank.
No. | Accounts | Debit | Credit |
a. | Petty cash | $500 | |
Cash | $500 | ||
b. | Office supplies | 212 | |
Miscellaneous selling expense | 156 | ||
Miscellaneous administrative expense | 61 | ||
cash over and short | 31 | ||
cash (500-40) | 460 |
Petty Cash Fund Entries Journalize the entries to record the following: Check No. 12-375 is issued...
Journalize the entries to record the following: Check No. 12-375 is issued to establish a petty cash fund of $750. The amount of cash in the petty cash fund is now $80. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $288; miscellaneous selling expense, $226; miscellaneous administrative expense, $123. a. Journalize the entry to establish the petty cash fund. b. Journalize the entry to replenish the petty cash...
Calculator Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $1,500 b. The amount of cash in the petty cash fund is now $510. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $574; miscellaneous selling expense, $238; miscellaneous administrative expense, $149. (Because the amount of the check to replenish the fund plus the balance in the fund...
Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $700. b. The amount of cash in the petty cash fund is now $231. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $272; miscellaneous selling expense, $113; miscellaneous administrative expense, $70. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $700, record...
Journalize the entries to record the following: Check is issued to establish a petty cash fund of $1,300. The amount of cash in the petty cash fund is now $429. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $505; miscellaneous selling expense, $209; miscellaneous administrative expense, $131. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,300, record the discrepancy...
EX 8-24 Petty cash fund entries OBJ. 6 Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $750. b. The amount of cash in the petty cash fund is now $176. Check is issued to replen- ish the fund, based on the following summary of petty cash receipts: office supplies, $248; miscellaneous selling expense, $212; miscellaneous administrative expense, $96. (Because the amount of the check to replenish the fund plus the...
blank sheet. journalize the entries to record the following Petty cash fund entries Instructions Chart of Accounts Journal Instructions Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,100. B. On April 1, the amount of cash in the petty cash fund is now $107. Check is issued to replenish the fund, based on the...
Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued a check to establish a petty cash fund of $450. b. The amount of cash in the petty cash fund is $140. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $182 and miscellaneous selling expense, $115. Record any missing funds in...
Petty Cash Fund Prepare journal entries for each of the following. For a compound tra an entry, leave it blank. a. Issued a check to establish a petty cash fund of $800. b. The amount of cash in the petty cash fund is $270. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $310 and miscellaneous selling expense, $196. Record any missing funds in the cash short and over account. For...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100. Sept. 1 Record any discrepancy in the cash short and over account If an amount box does not require an entry, leave it blank or enter "o". Sept. 1 Cash Short and Over Sept. 30 Office Supplies Expense Petty Cash...
Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,125. B. On April 1, the amount of cash in the petty cash fund is now $130. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $646; miscellaneous selling expense, $184; miscellaneous administrative expense, $149. (Because the...