Homework Answers
| Date | Account titles and explanation | Debit | Credit |
| March 1 | Petty Cash | $115 | |
| Cash | $115 | ||
| March 15 | Postage Expense | $30 | |
| Freight-Out | $14 | ||
| Miscellaneous Expense | $22 | ||
| Travel Expense | $41 | ||
| Cash Over and Short | $3 | ||
| Cash | $110 | ||
| March 20 | Petty Cash | $85 | |
| Cash | $85 |
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CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on...
Exercise 7-8 Splish Brothers Inc. uses an imprest petty cash system. The fund was established on...
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...
Oriole Company uses an imprest petty cash system. The fund was established on March 1 with...
Oriole Company 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
Receipt No.
For
Amount
3/5
1
Stamp Inventory
$35
7
2
Freight-Out
15
9
3
Miscellaneous Expense
15
11
4
Travel Expense
38
14
5
Miscellaneous Expense
8
The fund was replenished on March 15 when the fund contained $6 in
cash. On March 20,...
Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During Marc...
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,...
Can you give me the explanations in a bit detail so that I can make sense...
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...
Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its...
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...
Sheffield Company maintains a petty cash fund for small expenditures. These transactions occurred during the month...
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...
ACC 106 Handout 7: Petty Cash and bank reconciliation Exercise 1: Salle-Peru Co. uses an imprest...
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...
Kael Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
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...
Oriole Company maintains a petty cash fund for small expenditures. These transactions occurred during the month...
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...
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...
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...
Oriole Company 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
Receipt No.
For
Amount
3/5
1
Stamp Inventory
$35
7
2
Freight-Out
15
9
3
Miscellaneous Expense
15
11
4
Travel Expense
38
14
5
Miscellaneous Expense
8
The fund was replenished on March 15 when the fund contained $6 in
cash. On March 20,...
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...
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...
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...
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...
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...
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