Homework Answers
Change fund is an amount of cash that is used to make a change in cash transactions.
The answer is d. receipts are recorded in it.
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A Change Fund is debited when: O a. it is reimbursed. b. payments are made out...
when reimbursing the petty cash fund: a. cash is debited, b. petty cash is credited, c....
when reimbursing the petty cash fund: a. cash is debited, b. petty cash is credited, c. petty cash is debited, d. appropriate expense accounts are debited, e, no expenses are recorded
Expenditures for uncollectible tax receivables (bad debt) for a government fund should be debited in the...
Expenditures for uncollectible tax receivables (bad debt) for a government fund should be debited in the period that the receivable is a.) established b.) Written off as uncollectibe c.) legally due and payable d.) none of the above
The Estimated Revenues account of a government is debited when: Question 38 options: A) The account...
The Estimated Revenues account of a government is debited when: Question 38 options: A) The account is closed to fund balance-unassigned at the end of the year. B) Property taxes are recorded. C) Property taxes are collected. D) The budget is recorded at the beginning of the year.
The Change fund is recorded: a. on the liabilities side of a balance sheet. b. on...
The Change fund is recorded: a. on the liabilities side of a balance sheet. b. on the credit side of an income statement. c. on the assets side of a balance sheet. d. on the debit side of an income statement.
A 1 1 H K 2 CHANGE FUND & PETTY CASH JOURNAL ENTRIES 4 a Established a petty cash fund of $400 Replenished the p...
A 1 1 H K 2 CHANGE FUND & PETTY CASH JOURNAL ENTRIES 4 a Established a petty cash fund of $400 Replenished the petty cash fund based on the following disbursements as indicated by a summary of the petty cash receipts office supplies b. expense, $24.50, miscellaneous administrative expense, $33.75, miscellaneous selling expense, $ 31.60 5 6 C. Increased the petty cash fund by $100 to a balance of $500. 7 8 10 JOURNAL ENTRIES Accounts DR CR 11...
13. The costs of a building being constructed by a capital projects fund should be debited,...
13. The costs of a building being constructed by a capital projects fund should be debited, or charged, to which of the following accounts in the capital projects fund? A. Expenditures. B. Building. C. Construction in Progress. D. Other Financing Uses.
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $250 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $78.00 for janitorial expenses. b. Paid $63.68 for miscellaneous expenses. c. Paid postage expenses of...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $300 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $88 for janitorial expenses. b. Paid $53.68 for miscellaneous expenses. c. Paid postage expenses of $53.50. d. Paid $47.15 to Facebook...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $450 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. 4. Paid $140.40 for janitorial expenses. b. Paid $114.62 for miscellaneous expennes. c. Paid postage expenses of $78.30. d. Paid $102.87 to Facebook...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $400 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $124.80 for janitorial expenses. b. Paid $101.88 for miscellaneous expenses. c. Paid postage expenses of...
The Change fund is recorded: a. on the liabilities side of a balance sheet. b. on the credit side of an income statement. c. on the assets side of a balance sheet. d. on the debit side of an income statement.
A 1 1 H K 2 CHANGE FUND & PETTY CASH JOURNAL ENTRIES 4 a Established a petty cash fund of $400 Replenished the petty cash fund based on the following disbursements as indicated by a summary of the petty cash receipts office supplies b. expense, $24.50, miscellaneous administrative expense, $33.75, miscellaneous selling expense, $ 31.60 5 6 C. Increased the petty cash fund by $100 to a balance of $500. 7 8 10 JOURNAL ENTRIES Accounts DR CR 11...
13. The costs of a building being constructed by a capital projects fund should be debited, or charged, to which of the following accounts in the capital projects fund? A. Expenditures. B. Building. C. Construction in Progress. D. Other Financing Uses.
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