Answer
Here we need to calculate the closing balance of Cash and Cash Equivalents which transfer to Balance Sheet.
Hence to calculate the closing balance of Cash and Cash Equivalents we have to prepare Cash Account.
Petty Cash Account (Wayne Crosby)
Particulars | Amount $ (Dr) | Particulars | Amount $ (Cr.) |
To Cash | 280 | By Computer Repairs | 84 |
To Cash | 242 | By Decoration Expense | 64 |
To Cash | 183 | By Equipment | 94 |
By Purchases | 139 | ||
By Telephone Exp | 44 | ||
By Closing Balance | 280 |
Cash Account
Particulars | Amount $ (Dr) | Particulars | Amount $ (Cr.) |
To Petty Cash (Wayne Crosby) | 280 | By Closing Cash Balance | 1980 |
To Cash Balance | 1700 | ||
Closing Balance of Cash amounting to $ 1980 transfer to Balance Sheet.
Required information [The following information applies to the questions displayed below.) Harristown Hockey Club (HHC) maintains...
Heturn Required information [The following information applies to the questions displayed below. Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. I established the fund by cashing a check from HHC for $280 made payable to me. b. Tom Canuck provided a $76 receipt for repairs to the club's computer, so I paid $76 cash to him. c. Kim...
Required Information [The following information applies to the questions displayed below] Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. lestablished the fund by cashing a check from HHC for $265 made payable to me. b. Tom Canuck provided a $79 receipt for repairs to the club's computer, so I paid $79 cash to him. c. Kim Harra provided...
onnewon Required information The following information applies to the questions displayed below Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. I established the fund by cashing a check from HHC for $310 made payable to me. b. Tom Canuck provided a $90 receipt for repairs to the club's computer, so I paid $90 cash to him. c. Kim...
Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: I established the fund by cashing a check from HHC for $300 made payable to me. Tom Canuck provided a $88 receipt for repairs to the club’s computer, so I paid $88 cash to him. Kim Harra provided a receipt for $68 for various supplies she planned to use to decorate...
[The following information applies to the questions displayed below.) Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. I established the fund by cashing a check from HHC for $280 made payable to me. b. Tom Canuck provided a $76 receipt for repairs to the club's computer, so I paid $76 cash to him. c. Kim Harra provided a...
Journal entry worksheet 1 2 3 4 5 6 7 8 9 I established the fund by cashing a check from HHC for $280 made payable to me. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 of 2 6 7 8 9 Tom Canuck provided a $84 receipt for repairs to the club's computer, so I paid $84 cash to him. Record the transaction....
The following information applies to the questions displayed below. Shelton Gallery had the following petty cash transactions in February of the current year. Feb. 2 Wrote a $350 check, cashed it, and gave the proceeds and the petty cashbox to Bo Brown, the petty cashier. 5 Purchased bond paper for the copier for $15.75 that is immediately used 9 Paid $38.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Shelton uses the perpetual system to account...
Required information [The following information applies to the questions displayed below.] The December bank statement and cash T-account for Stewart Company follow: BANK STATEMENT Deposits Other Checks Date Dec. 1 $ 7,720 650 18,900 $28,000 37,000 Balance $ 60,000 52, 280 79,630 60,730 97,730 97,080 89,480 89,580 89,330 650 26,200 19,000 NSF* Interest earned Service charge $400 100 31 31 250 *NSF check from J. Left, a customer. Dec. 1 Balance Deposits Dec. 11 Cash (A) 60,000 Checks written during...
need some help with this Required information (The following information applies to the questions displayed below) Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the hor. of $105,000 and contributed $6,300 of it to a qualified retirement account (a for AGI deduction). She also received $16,000 of alimony from her former husband (per divorce...
Required information [The following information applies to the questions displayed below. Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille's home for the entire year, and Camille paid for all the costs of maintaining the home. Camille received a salary of $105,000 and contributed $6,000 of it to a qualified retirement account (a for AGI deduction). She also received $10,000 of alimony from her former husband (per divorce decree...