Homework Answers
1)285
2)
| Date | Debit | Credit | |
| June.01 | Petty Cash | $ 450.00 | |
| Cash | $ 450.00 | ||
| To open the petty cash fund. | |||
| June.30 | Postage Expense | $ 50.00 | |
| Entertainment Expense | $ 80.00 | ||
| Office Supplies | $ 35.00 | ||
| Cash Short and Over | $ 3.00 | ||
| Cash | $ 168.00 |
3)
| Date | Debit | Credit | |
| May.01 | Petty Cash | $ 50.00 | |
| Cash | $ 50.00 |
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Data Table 1 Petty Cash Ticket Number Item Amount Postage for package received Office party Two...
p8-26(Similar to) X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey...
p8-26(Similar to)
X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $233. The accounts affected by pe Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? 240 Before replenishment, the petty...
Q1 Ch8 Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.)...
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.) ment, the fund contains these Terchandise Inventory i Data Table Х ffice Supplies, Travel Expense, Deli aracteristics and the internal Petty Cash Ticket Number 101 Item Amount balance at all times, which pport payments from the fund. The tit the ar Office supplies Cab fare for executive Delivery of package across town Business dinner w much cash should the pe y cash fund should...
Please explain your answer. Thank you! Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose...
Please explain your answer. Thank you!
Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, fund custodian, signs the following petty cash tickets: 2. June 30, Cash CR $160 Petty Cash Ticket Number Item Amount Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner On June 30, prior to...
Q1 Ch8 Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400.
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400. During June, Ruth Mangan, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $245. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian...
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Read the reguirements Make the general joumal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Requirement Credit Date Accounts and Explanation Debit Data Table Petty Cash Ticket No....
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance...
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $600. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $295. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements Requirement 1. Explain...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the following: i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Prepare a general journal entry to establish the petty cash fund at $200. Journal Entry Account Titles Date PR Debit Credit Transactions Nov Prepare a journal entry to replenish the petty cash fund. On November 1, 2017, a $200 Petty Cash Fund was established. At...
p8-26(Similar to)
X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $233. The accounts affected by pe Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? 240 Before replenishment, the petty...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
enn During lune Ruth Manann the fund custodian, signs the following petty cash petty cash tickets.) ment, the fund contains these Terchandise Inventory i Data Table Х ffice Supplies, Travel Expense, Deli aracteristics and the internal Petty Cash Ticket Number 101 Item Amount balance at all times, which pport payments from the fund. The tit the ar Office supplies Cab fare for executive Delivery of package across town Business dinner w much cash should the pe y cash fund should...
Please explain your answer. Thank you!
Learning Objective 4 P7-26A Accounting for petty cash transactions Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $300. During June, Michael Martell, fund custodian, signs the following petty cash tickets: 2. June 30, Cash CR $160 Petty Cash Ticket Number Item Amount Postage for package received Office party Two boxes of stationery Printer cartridges Business dinner On June 30, prior to...
Q1 Ch8
Suppose that on June 1, Rockin' Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $500. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $325. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Requirement 1....
On June 1, Top Taste Salad Dressings creates a petty cash fund with an imprest balance of $400. During June, Ruth Mangan, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $245. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory. Read the requirements. Requirement 1. Explain the characteristics and...
Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Jan. 1 Established a petty cash fund with a $250 balance. 31 The petty cash fund has $24 in cash and $238 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($170). Replenished the fund and recorded the expenses. Feb. 15 Increased the balance of the petty cash fund to $300. Prepare journal entries. (Record debits first, then, credits....
Louise's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Read the reguirements Make the general joumal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Requirement Credit Date Accounts and Explanation Debit Data Table Petty Cash Ticket No....
On June 1, Farm Grown Salad Dressings creates a petty cash fund with an imprest balance of $600. During June, Sunny Lewis, the fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $295. The accounts affected by petty cash payments are Office Supplies, Travel Expense, Delivery Expense, Entertainment Expense, and Merchandise Inventory Read the requirements Requirement 1. Explain...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the following: i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Prepare a general journal entry to establish the petty cash fund at $200. Journal Entry Account Titles Date PR Debit Credit Transactions Nov Prepare a journal entry to replenish the petty cash fund. On November 1, 2017, a $200 Petty Cash Fund was established. At...
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