Homework Answers
|
Date |
General Journal |
Debit |
Credit |
|
Oct-01 |
Petty cash |
$ 150.00 |
|
|
Cash |
$ 150.00 |
||
|
(Petty cash fund created) |
|||
|
Oct-10 |
Office supplies |
$ 47.00 |
|
|
Transportation In |
$ 32.00 |
||
|
Postage |
$ 22.00 |
||
|
Cash |
$ 101.00 |
||
|
(Petty cash replenished) |
|||
|
Oct-15 |
Cash |
$ 25.00 |
|
|
Petty cash |
$ 25.00 |
||
|
(To decrease petty cash fund ) |
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4. (15 Points). Feathers Co. established a petty cash fund of $150 on October 1. On...
A company established a petty cash fund of $100 on September 1
Problems 1.) A company established a petty cash fund of $100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were petty cash receipts for: office supplies, $27; courier, $32; and postage, $22. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.
CROBLEM II: RECORDING PETTY CASH TRANSACTIONS (10 POINTS Brown Company established a petty cash fund for...
CROBLEM II: RECORDING PETTY CASH TRANSACTIONS (10 POINTS Brown Company established a petty cash fund for $300 on September 1, 20xx. On September 30. the petty can rund was replenished when there was $20 of currency remaining in the cashbox along with receipts for: meals of $78; postage of $62; and repairs of $140. On October 24, the petty cash fund was increased to $500 in total Record the above transactions in the general ioural. Include the date, account names...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100. Sept. 1 Record any discrepancy in the cash short and over account If an amount box does not require an entry, leave it blank or enter "o". Sept. 1 Cash Short and Over Sept. 30 Office Supplies Expense Petty Cash...
The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund i...
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...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 • Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the establishment of the $250 petty cash fund on November 1st? Debit Various Expenses $250 and Credit Petty Cash $250 Debit Petty Cash $250 and Credit...
B. Petty Cash Kamil Inc. maintains a petty cash fund for small expenditures. These transactions occurred...
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...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Est...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Established petty cash fund by writing a check on China Bank for $100 15 Replenished the petty cash fund by writing a check for $96.90 On this date, the fund consisted of $3.10 in cash and these petty cash receipts: S51.00 expense $23.10 expense $6.10 31 31 Replenished the petty cash fund by writing a check for $95.90 At this date, the fund...
26. Journalize the entries to record the following: Sept. 1 Established a petty cash fund of...
26. Journalize the entries to record the following: Sept. 1 Established a petty cash fund of $350. 30 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, S116; postage, $100.Record any missing funds in the cash short and over account. Journal Date Description Post. Ref. Debit Credit Copyright Cengage Learning. Powered by Cognero 25. Using the following information, prepare a bank reconciliation for Miller Co. for...
nation Cash To increase the petty cash fund, Debit Credit Petty Cash - Had the Petty...
nation Cash To increase the petty cash fund, Debit Credit Petty Cash - Had the Petty Cash fund been decreased, the debit would've been to Cash and the credit to the Petty cash account. Remember that the only time the Petty cash account is used in the journal entry is when the account is established, increased, or decreased Try it! 8. The following petty cash transactions of Green Golf Equipment occurred in a May 1 Established a petty cash fund...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
CROBLEM II: RECORDING PETTY CASH TRANSACTIONS (10 POINTS Brown Company established a petty cash fund for $300 on September 1, 20xx. On September 30. the petty can rund was replenished when there was $20 of currency remaining in the cashbox along with receipts for: meals of $78; postage of $62; and repairs of $140. On October 24, the petty cash fund was increased to $500 in total Record the above transactions in the general ioural. Include the date, account names...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100. Sept. 1 Record any discrepancy in the cash short and over account If an amount box does not require an entry, leave it blank or enter "o". Sept. 1 Cash Short and Over Sept. 30 Office Supplies Expense Petty Cash...
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...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 • Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the establishment of the $250 petty cash fund on November 1st? Debit Various Expenses $250 and Credit Petty Cash $250 Debit Petty Cash $250 and Credit...
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...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Established petty cash fund by writing a check on China Bank for $100 15 Replenished the petty cash fund by writing a check for $96.90 On this date, the fund consisted of $3.10 in cash and these petty cash receipts: S51.00 expense $23.10 expense $6.10 31 31 Replenished the petty cash fund by writing a check for $95.90 At this date, the fund...
26. Journalize the entries to record the following: Sept. 1 Established a petty cash fund of $350. 30 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, S116; postage, $100.Record any missing funds in the cash short and over account. Journal Date Description Post. Ref. Debit Credit Copyright Cengage Learning. Powered by Cognero 25. Using the following information, prepare a bank reconciliation for Miller Co. for...
nation Cash To increase the petty cash fund, Debit Credit Petty Cash - Had the Petty Cash fund been decreased, the debit would've been to Cash and the credit to the Petty cash account. Remember that the only time the Petty cash account is used in the journal entry is when the account is established, increased, or decreased Try it! 8. The following petty cash transactions of Green Golf Equipment occurred in a May 1 Established a petty cash fund...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
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