The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $20; Supplies Expense, $12;...
The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $20; Supplies Expense, $12; Postage Expense, $6; and Miscellaneous Expense, $5. The transaction would include
a.debiting Automobile Expense.
b.debiting Cash.
c.crediting Accounts Payable.
d.crediting Supplies Expense.
Homework Answers
Expenses always has a debit balance. Automobile expenses is $20. While passing the journal entry, automobile expense is debited with $20.
Debiting automobile expense.
Option a.
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The petty cash payments record indicates classified expenditures
as follows: Automobile Expense, $20; Supplies Expense, $12;...
6A-4. From the following, record the transactions in Burbank's auxiliary petty cash record and general journal as n...
6A-4. From the following, record the transactions in Burbank's auxiliary petty cash record and general journal as needed: 2017 Oct. 1 5 9 12 14 17 27 28 29 A check was drawn (no. 444) payable to Matt Couch, petty cashier, to establish a $220 petty cash fund. Paid $29 for postage stamps, voucher no. 1. Paid $16 for delivery charges on goods for resale, voucher no. 2. Paid $10 for donation to a church (miscellaneous expense), voucher no. 3....
*E7.22 (LO 6) (Petty Cash) Carolyn Keene, Inc. decided to establish a petty cash fund to...
*E7.22 (LO 6) (Petty Cash) Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $200. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $60.00 Supplies purchased...
*E7.22B (L0 6)(Petty Cash) Velez, Inc. decided to establish a petty cash fund to help ensure...
*E7.22B (L0 6)(Petty Cash) Velez, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April: 1 On April 1, it established a petty cash fund in the amount of $1,000. 2 A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $300.00 Supplies purchased and used...
Pina, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The...
Pina, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $249. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $74 Supplies purchased and used 39 Postage expense 47...
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Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $248. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $72 Supplies purchased and used Postage expense I.O.U. from...
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The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up with a $350 cash balance. Because the money in the fund is down to $70.20, the fund is replenished. Petty cash vouchers are as follows: Flowers for hospitalized employee (miscellaneous expense) $ 84.38 Postage stamps 135.00 Office supplies 46.71 The cash in the fund is $193.07. The fund is replenished to include petty cash payments in this...
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B. Petty Cash Kamil Inc. maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $250. 15 Replenished the petty cash fund by writing a check for $199.60. On this date, the fund consisted of $50.40 in cash and these petty cash receipts: freight-out $85.10, entertainment expense $42, postage expense $38.00, and miscellaneous expense $32.50. 16...
Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over...
Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $200. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. $60 25 Delivery charges paid on merchandise purchased Supplies purchased and used Postage expense...
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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...
Clooney Corp. establishes a petty cash fund for $225 and issues a credit card to its...
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...
6A-4. From the following, record the transactions in Burbank's auxiliary petty cash record and general journal as needed: 2017 Oct. 1 5 9 12 14 17 27 28 29 A check was drawn (no. 444) payable to Matt Couch, petty cashier, to establish a $220 petty cash fund. Paid $29 for postage stamps, voucher no. 1. Paid $16 for delivery charges on goods for resale, voucher no. 2. Paid $10 for donation to a church (miscellaneous expense), voucher no. 3....
Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $248. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $72 Supplies purchased and used Postage expense I.O.U. from...
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Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $200. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. $60 25 Delivery charges paid on merchandise purchased Supplies purchased and used Postage expense...
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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...
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