Journal Entry- Palmona Co. | |||
Date | Account Tittle | Debit | Credit |
1-Jan | Petty cash | $310.00 | |
Cash | $310.00 | ||
Record establish of petty cash Fund | |||
31-01 | Postage | $42.00 | |
Transportation | $12.00 | ||
Delivery Expense | $14.00 | ||
Misc Expense | $31.00 | ||
Short in Cash (211-42-12-14-31) | $112.00 | ||
Petty Cash (310-211) | $99.00 | ||
TO Record Replenish of Fund | |||
Petty Cash (360-310) | $50.00 | ||
Cash | $50.00 | ||
TO Record Increase in Petty Cash Fund |
Chapter 06 Homework Saved Palmona Co. establishes a $310 petty cash fund on January 1. On...
Palmona Co. establishes a $190 petty cash fund on January 1. On January 8, the fund shows $97 in cash along with receipts for the following expenditures: postage, $40; transportation-in, $11, delivery expenses, $13; and miscellaneous expenses, $29. Palmona uses the perpetual system in accounting for merchandise inventory. points Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $240 on January 8,...
Palmona Co. establishes a $320 petty cash fund on January 1. On January 8, the fund shows $217 in cash along with receipts for the following expenditures: postage, $42; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $31. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $370 on January 8, assuming no...
Palmona Co. establishes a $300 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for the following expenditures: postage, $50; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $39. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $350 on January 8, assuming...
Palmona Co. establishes a $210 petty cash fund on January 1. On January 8, the fund shows $117 in cash along with receipts for the following expenditures: postage, $40; transportation-in, $11; delivery expenses, $13; and miscellaneous expenses, $29. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $260 on January 8, assuming...
Exercise 8-10 Petty cash fund accounting LO P2 Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $187 in cash along with receipts for the following expenditures: postage, $36; transportation-in, $10; delivery expenses, $12; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it...
Palmona Co. establishes a $150 petty cash fund on January 1. On January B, the fund shows $59 In cash along with receipts for the following expenditures: postage, $38; transportation-In, $12; delivery expenses, $14; and miscellaneous expenses, $27. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $200 on January 8, assuming no...
Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no...
Exercise 6-6 Petty cash fund accounting LO P2 Palmona Co. establishes a $280 petty cash fund on January 1. On January 8, the fund shows $183 in cash along with receipts for the following expenditures: postage, $40; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $29. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and...
Palmona Co. establishes a $180 petty cash fund on January 1. On January 8, the fund shows $89 in cash along with receipts for the following expenditures: postage, $38; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $27. Palmona uses the perpetual system in accounting for merchandise inventory. nts eBook Hint Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $230 on...
Palmona Co. establishes a $200 petty cash fund on January 1, On January 8, the fund shows $91 in cash along with receipts for the following expenditures: postage, $46; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $35. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $250 on January 8, assuming...