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Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $500....
Question 11 (10 points) Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $5...
Question 11 (10 points) Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $500. b. Company replenishes the petty cash fund, identifying receipts in the following amounts: Supplies Expense: Meals Expense: 25 Delivery Expense: The company put $105 back into the petty cash drawer to replenish the fund back! to $500 ол о c. The company increases the petty fund account to $550. arch
Petty Cash Fund Entries Journalize the entries to record the following: Check No. 12-375 is issued...
Petty Cash Fund Entries Journalize the entries to record the following: Check No. 12-375 is issued to establish a petty cash fund of $500. The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the...
Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if...
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...
Calculator Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued...
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...
Petty Cash Fund Prepare journal entries for each of the following. For a compound tra an...
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: Check is issued to establish a petty cash fund...
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...
Prepare the entry to replenish the $200 petty cash fund of Kruger Company, assuming the fund...
Prepare the entry to replenish the $200 petty cash fund of Kruger Company, assuming the fund has receipts for: freight-out $60, postage $105, and miscellaneous expense $20. The fund contains $8 in cash
Knowledge Check 01 On February 1, Derrick Company establishes a $200 petty cash fund. Complete the...
Knowledge Check 01 On February 1, Derrick Company establishes a $200 petty cash fund. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Knowledge Check 01 Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage (5140) and printing (554) Complete the necessary journal entry by selecting...
A company establishes a petty cash fund for $500. By the end of the month. employees...
A company establishes a petty cash fund for $500. By the end of the month. employees had made the following expenditures from the fund: supplies, $131; fuel for deliveries, $125: postage, $74: miscellaneous, $33. Record the entry to recognize expenditures from the petty cash fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the entry to recognize expenditures from the petty...
EX 8-24 Petty cash fund entries OBJ. 6 Journalize the entries to record the following: a....
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...
Question 11 (10 points) Prepare the necessary entries for petty cash: a. Company establishes a petty cash fund of $500. b. Company replenishes the petty cash fund, identifying receipts in the following amounts: Supplies Expense: Meals Expense: 25 Delivery Expense: The company put $105 back into the petty cash drawer to replenish the fund back! to $500 ол о c. The company increases the petty fund account to $550. arch
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...
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...
Knowledge Check 01 On February 1, Derrick Company establishes a $200 petty cash fund. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Knowledge Check 01 Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage (5140) and printing (554) Complete the necessary journal entry by selecting...
A company establishes a petty cash fund for $500. By the end of the month. employees had made the following expenditures from the fund: supplies, $131; fuel for deliveries, $125: postage, $74: miscellaneous, $33. Record the entry to recognize expenditures from the petty cash fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the entry to recognize expenditures from the petty...
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...
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