Can you give me the explanations in a bit detail so that I can make sense the way to solve this question? Thank you:)
Homework Answers
| Answer | ||||
|
Date |
Account Titles and Explanation | Debit | Credit | |
| Mar. 1 | Petty Cash | $ 120 | ||
| Cash | $ 120 | |||
| Mar. 15 | Postage Expense | $ 35 | ||
| Freight-Out | $ 15 | |||
| Miscellaneous expense 15+8 | $ 23 | |||
| Travel Expense | $ 38 | |||
| Cash Over and short | $ 3 | |||
| Cash | $ 114 | 120-6 | ||
| Mar. 20 | Petty Cash | $ 90 | 210-120 | |
| Cash | $ 90 | |||
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Can you give me the explanations in a bit detail so that I can
make sense...
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...
CALCULATOR PRINTER VER Sheffield Company uses an imprest petty cash system. The fund was established on...
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...
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,...
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,...
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...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway Company maintains a petty cash fund for small...
Problem 8-03A a-b (Part Level Submission) (Video) Waterway 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 $225. 15 Replenished the petty cash fund by writing a check for $221.90. On this date, the fund consisted of $3.10 in cash and these petty cash receipts: freight-out $93.00, entertainment expense $48.30, postage expense $42.10, and...
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...
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...
Part 1 is already complete:I just need Part 2: Thank you in advance! Problem 8-03A a-b...
Part 1 is already complete:I just need Part 2:
Thank you in advance!
Problem 8-03A a-b (Part Level Submission) (Video) Crane 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. 15 Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $3.00 in cash and...
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...
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...
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,...
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...
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...
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...
Part 1 is already complete:I just need Part 2:
Thank you in advance!
Problem 8-03A a-b (Part Level Submission) (Video) Crane 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. 15 Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $3.00 in cash and...
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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