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Oriole Company uses an imprest petty cash system. The fund was established on March 1 with...
CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $115. During March, the following petty cash receipts were found in the petty cash box For Date Receipt No. 3751 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense 111 T 14 5 The fund was replenished on March 15 when the fund contained $5 in cash. On March 20, the amount in the fund was increased to...
Exercise 7-8 Splish Brothers Inc. uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the cash Date Receipt No For Amount 3/5 Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the amount in the fund was increased to $210. Journalize the entries in...
Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamp Inventory $30 7 2 Freight-Out 12 9 3 Miscellaneous Expense 10 11 4 Travel Expense 35 14 5 Miscellaneous Expense 7 The fund was replenished on March 15 when the fund contained $4 in cash. On March 20,...
Oriole Company 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 $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
Oriole Company 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 $210.00. 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $74.60, entertainment expense $35.50, postage expense $33.00, and miscellaneous expense $62.40. 16 Increased the amount of the...
Can you give me the explanations in a bit detail so that I can make sense the way to solve this question? Thank you:) Current Attempt in Progress Bramble Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March, the following petty cash receipts were found in the petty cash box. Date 3/5 7 Receipt No. 1 N For Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expense Amount...
Brief Exercise 7-14 On March 20, Harbor's petty cash fund of $100 is replenished when the fund contains $41 in cash and receipts for postage $31, supplies $18, and travel expense $10 Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 20 Debit Credit
ACC 106 Handout 7: Petty Cash and bank reconciliation Exercise 1: Salle-Peru Co. uses an imprest petty cash system. The fund was established on March 1 with a balance of $150. During March the following petty cash receipts were found in the petty cash box Date Receipt No. For Amount 5/3 Stamp Inventory Freight-out exp. Miscellaneous exp. Travel exp. Miscellaneous exp. The fund was replenished on March 15 when the fund contained $5 cash. Instructions Journalize the entries in March...
Problem 7-03A a-b Kael Company 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 $200.00. 15 Replenished the petty cash fund by writing a check for $175.00. On this date, the fund consisted of $25 in cash and these petty cash receipts: freight-out $74.40, entertainment expense $36.00, postage expense $33.70, and miscellaneous expense $27.50. 16 Increased the amount of...
Sheffield Company 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 $215. 15 Replenished the petty cash fund by writing a check for $211.80. On this date, the fund consisted of $3.20 in cash and these petty cash receipts: freight-out $96.00, entertainment expense $48.90, postage expense $41.10, and miscellaneous expense $24.80. 16 Increased the amount...