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Sheridan Company designated Alexa Kidd as petty cash custodian and established a petty cash fund of $402. The fund is reimbursed when the cash in the fund is at $57. Petty cash receipts shows that funds were disbursed for $173 of supplies and $165 of frei
Cullumber Company designated Alexa Kidd as petty cash custodian and established a petty cash fund of $400. The fund is reimbursed when the cash in the fund is at $58. Petty cash receipts shows that funds were disbursed for $160 of supplies and $181 of freight charges on inventory purchases. Prepare the entries that are necessary to record following independent transactions. Assume that Cullumber decides to increase the size of the petty cash fund to $620 immediately after the reimbursement....
Finman company designated Jill Holland as pretty cash custodian and established a pretty cash fund of 200$. Problem 1 (25 points): The following transactions occurred in Mars Co. in 2019 1. Accounts receivable in the amount of $1,000,000 were assigned to Utley Finance Co. by Mars as security for a loan of $850,000. Utley charged a 3% commission on the accounts; the interest rate on the note is 12%. 2. During the first month, Mars collected $400,000 on assigned accounts...
On October 2, 2017, Bienvenu Manufacturing Company established a petty cash fund by issuing a check for €350 to the custodian of the petty cash fund. On October 31, 2017, The custodian submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is less than €15 cash in the fund please do the replenishment journal: Freight-in €145 Supplies Expense 55 Entertainment of clients 89Postage Expense 50
Assignment CALCULATOR PRINTEI URCES Exercise 7-7 Sheridan Company established a petty cash fund on May 1, cashing a check for $120. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund $2.50. Recepts: delivery expense $28.75, postage expense $37.50, and miscellaneous expense 549.00. July 1: Cash in fund $4.30. Receipts: delivery expense $19.20, entertainment expense $48.60, and miscellaneous expense 347.90 On July 10, Sheridan increased the fund from $120 to...