An imprest petty cash fund of $600 was established for minor disbursements. At the end of...
An imprest petty cash fund of $600 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $200 in supplies, $74 for meals, $82 or fuel, and $74 for taxi fare. How much cash should be left in the fund?
a.169
b.600
c.243
d.1,031
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An imprest petty cash fund of $600 was established for minor
disbursements. At the end of...
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...
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...
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...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, o fund custodian authorized and signed petty cash tickets as follows:
E7-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, o fund custodian authorized and signed petty cash tickets as follows:Requirements 1. Make the general journal entry to create the petty cash fund. Include an explanation. 2. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $40. Include an explanation. 3. Assume that Jackie's Dance Studio decides to decrease the petty cash fund to $120. Make the general...
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...
A petty cash fund was established with a $575 balance. It currently has cash of $45...
A petty cash fund was established with a $575 balance. It currently has cash of $45 and petty cash tickets as shown below: Travel expense $120 Office supplies expense 250 Equipment rental expense 120 Which of the following would be included in the journal entry to replenish the Petty Cash fund? O A. debit to Petty Cash for 540 OB. credit to Cash Short & Over for 540 OC. credit to Petty Cash for $40 OD. debit to Cash Short...
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....
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...
21) A petty cash fund was established with a $350 balance. It currently has cash of...
21) A petty cash fund was established with a $350 balance. It currently has cash of $45 and petty cash tickets totaling $30 Which of the following would be included in the entry to replenish the fund? A) a debit to various expenses for a total of $305 B) a credit to Petty Cash for $305 C) a debit to Petty Cash for $45 D) a credit to Cash for $45
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...
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...
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...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
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...
A petty cash fund was established with a $575 balance. It currently has cash of $45 and petty cash tickets as shown below: Travel expense $120 Office supplies expense 250 Equipment rental expense 120 Which of the following would be included in the journal entry to replenish the Petty Cash fund? O A. debit to Petty Cash for 540 OB. credit to Cash Short & Over for 540 OC. credit to Petty Cash for $40 OD. debit to Cash Short...
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....
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...
21) A petty cash fund was established with a $350 balance. It currently has cash of $45 and petty cash tickets totaling $30 Which of the following would be included in the entry to replenish the fund? A) a debit to various expenses for a total of $305 B) a credit to Petty Cash for $305 C) a debit to Petty Cash for $45 D) a credit to Cash for $45
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