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*E7.18 (LO 5), AP During October, Bismark Light Company experiences the following transactions in establishing a...
Instructions Prepare a cash budget for January and February *E7-15 During October, Bismark Light Company experiences...
Instructions Prepare a cash budget for January and February *E7-15 During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items: Currency $59.00 Coins 0.70 Expenditure receipts (vouchers): Supplies $26.10 Telephone,...
During October, Cullumber Company experiences the following transactions in establishing a petty cash fund. Oct. 1...
During October, Cullumber Company experiences the following
transactions in establishing a petty cash fund.
Oct. 1
A petty cash fund is established with a check for $146.00
issued to the petty cash custodian.
31
A check was written to reimburse the fund and increase the fund
to $196.00. A count of the petty cash fund disclosed the following
items:
Currency
$59.00
Coins
2.08
Expenditure receipts (vouchers):
Supplies
$24.72
Miscellaneous items
15.02
Postage
38.32
Freight-Out
5.42
Journalize the entries in October...
During October,C lavost Company experiences the following transactions in establishing a petty cash fund. Dt. 1...
During October,C lavost Company experiences the following transactions in establishing a petty cash fund. Dt. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian 31 Acheck was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items $59.00 2.14 Currency Coins Expenditure receipts Ivouchersk: Supplies Miscellaneous items Postage Freight-Out $24.66 14.96 38.26 5.36 Journalize the entries in October that...
Journalize the entries: Two lines for Oct. 1 and 7 lines for Oct. 31. Thank you!...
Journalize the entries: Two lines for Oct. 1 and 7 lines for
Oct. 31. Thank you!
Exercise 7-15 Your answer is partially correct. Try again. During October, Crane Company experiences the following transactions in establishing a petty cash fund Oct. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund...
*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,...
Problem 6-24B Petty cash fund The following data pertain to the petty cash fund of Marsh Company: 1. The petty...
Problem 6-24B Petty cash fund The following data pertain to the petty cash fund of Marsh Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund disclosed $13 in currency and coins, vouchers authoriz- ing meal allowances totaling $120, vouchers authorizing purchase of postage stamps of $21, and vouchers for payment of delivery charges of $93. Required a. Prepare all general journal entries...
Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty...
Problem 6-3A Establishing, reimbursing, and increasing petty
cash LO P2
Nakashima Gallery had the following petty cash transactions in
February of the current year. Nakashima uses the perpetual system
to account for merchandise inventory.
Feb.
2
Wrote a $340 check to establish a petty cash fund.
5
Purchased paper for the copier for $16.15 that is immediately
used.
9
Paid $40.50 shipping charges (transportation-in) on merchandise
purchased for resale, terms FOB shipping point. These costs are
added to merchandise inventory....
Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty...
Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.15 that is immediately used. 9 Paid $38.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory....
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following pe...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is imune di ately used. 9 Paid $32. 50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $15.35 that is immediately used. 9 Paid $40.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to...
Instructions Prepare a cash budget for January and February *E7-15 During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items: Currency $59.00 Coins 0.70 Expenditure receipts (vouchers): Supplies $26.10 Telephone,...
During October, Cullumber Company experiences the following
transactions in establishing a petty cash fund.
Oct. 1
A petty cash fund is established with a check for $146.00
issued to the petty cash custodian.
31
A check was written to reimburse the fund and increase the fund
to $196.00. A count of the petty cash fund disclosed the following
items:
Currency
$59.00
Coins
2.08
Expenditure receipts (vouchers):
Supplies
$24.72
Miscellaneous items
15.02
Postage
38.32
Freight-Out
5.42
Journalize the entries in October...
During October,C lavost Company experiences the following transactions in establishing a petty cash fund. Dt. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian 31 Acheck was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items $59.00 2.14 Currency Coins Expenditure receipts Ivouchersk: Supplies Miscellaneous items Postage Freight-Out $24.66 14.96 38.26 5.36 Journalize the entries in October that...
Journalize the entries: Two lines for Oct. 1 and 7 lines for
Oct. 31. Thank you!
Exercise 7-15 Your answer is partially correct. Try again. During October, Crane Company experiences the following transactions in establishing a petty cash fund Oct. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund...
Problem 6-24B Petty cash fund The following data pertain to the petty cash fund of Marsh Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund disclosed $13 in currency and coins, vouchers authoriz- ing meal allowances totaling $120, vouchers authorizing purchase of postage stamps of $21, and vouchers for payment of delivery charges of $93. Required a. Prepare all general journal entries...
Problem 6-3A Establishing, reimbursing, and increasing petty
cash LO P2
Nakashima Gallery had the following petty cash transactions in
February of the current year. Nakashima uses the perpetual system
to account for merchandise inventory.
Feb.
2
Wrote a $340 check to establish a petty cash fund.
5
Purchased paper for the copier for $16.15 that is immediately
used.
9
Paid $40.50 shipping charges (transportation-in) on merchandise
purchased for resale, terms FOB shipping point. These costs are
added to merchandise inventory....
Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $16.15 that is immediately used. 9 Paid $38.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory....
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $360 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $14.55 that is imune di ately used. 9 Paid $32. 50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the...
Problem 8-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier. 5 Purchased bond paper for the copier for $15.35 that is immediately used. 9 Paid $40.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to...
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