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6A-4. From the following, record the transactions in Burbank's auxiliary petty cash record and general journal as n...
6A-3. The following transactions occurred in April for Jubilant Co.: 2017 Apr. 1 5 8 15...
6A-3. The following transactions occurred in April for Jubilant Co.: 2017 Apr. 1 5 8 15 Issued check no. 14 for $140 to establish a petty cash fund. Paid $19 from petty cash for postage, voucher no. 1. Paid $17 from petty cash for office supplies, voucher no. 2. Issued check no. 15 to Reliable Corp. for $150 from past purchases on account. Paid $16 from petty cash for office supplies, voucher no. 3. Issued check no. 16 to Rabbit...
Problems Set A 6A-1. Canvas.com received a bank statement from Buttermilk Bank indicating a bank balance...
Problems Set A 6A-1. Canvas.com received a bank statement from Buttermilk Bank indicating a bank balance of $7,600. Based on Canvas.com's check stubs, the ending check- book balance was $8,231. Your task is to prepare a bank reconciliation for Canvas.com as of July 31, 2018, from the following information (journalize entries as needed): a. Checks outstanding: no. 122, 5810; no. 130, $720. b. Deposits in transit, $1,800. c. Canvas.com forgot to record a $1,240 equipment purchase made with a debit...
1. Record the transactions in the general journal and auxiliary petty cash record. 2. Post the...
1.
Record the transactions in the general journal and auxiliary petty
cash record.
2. Post the transactions to the general ledger accounts.
3. Prepare a trial balance.
4. Compare the Smith Computer Center’s deposits and checks
with the bank statements and complete a bank reconciliation as of
September 30, 201X.
Reading the Kellogg's Annual Report o to http://investor.kelloggs.com/investor-relations/an Kellogg's 2013 Annual Report. How often do you think Kellogg's reconclsthe tatement? What type of security control may be in place? Support...
6A-2. From the following bank statement, please (1) complete the bank reconcilia- tion for Tony's Deli...
6A-2. From the following bank statement, please (1) complete the bank reconcilia- tion for Tony's Deli found on the reverse of the following bank statement and (2) journalize the appropriate entries as needed. a. A deposit of $2,000 is in transit. b. Tony's Deli has an ending checkbook balance of $5,760. c. Checks outstanding: no. 111, $950; no. 119, $1,250; no. 121, $330. d. Bob Ryan's check for $100 bounced due to lack of sufficient funds. e. Bank service charge...
Accounting: Petty Cash journal entry
A small company maintains a petty cash fund for minor expenditures. In June and July 2011, the following transactions took place:1. The fund was established in the amount of $100.00 on June 1 from the proceeds of check no. 2707.2. On June 30, the petty cash fund had cash of $15.46 and the following receipts on hand: postage, $40.00; supplies, $24.94; delivery service, $12.40; and rubberstamp, $7.20. Check no. 2778 was drawn to replenish the fund.3. On July 31, the...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. 5 Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. 8 Paid $39 from the petty cash fund for postage...
JOLLTEL LLICS. P 7-10B (L03) Replenishment: G. Cash, $87 PETTY CASH RECORD AND JOURNAL ENTRIES On...
JOLLTEL LLICS. P 7-10B (L03) Replenishment: G. Cash, $87 PETTY CASH RECORD AND JOURNAL ENTRIES On July 1, a petty cash fy was established for $100. The following vouchers were issued during July: Amount 5 Foovuw Date Voucher No. Purpose July 1 office supplies $ 3.00 donation (Goodwill) 15.00 travel expenses 5.00 postage due 2.00 office supplies 4.00 postage due 3.50 phone call 5.00 21 travel expenses 11.00 25 withdrawal by owner (L. Ortiz) 20.00 copier repair (miscellaneous) 18.50 REQUIRED...
Nakashima Gallery had the following petty cash transactions in February of the current year Feb. ...
Nakashima 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 Chloe Addison, the petty cashier 5 Purchased bond paper for the copier for $14.95 that is immediately used. 9 Paid $40.50 coD shipping charges on merchandise purchased for resale, terms F08 shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $7.55 postage to express...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $450 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. 4. Paid $140.40 for janitorial expenses. b. Paid $114.62 for miscellaneous expennes. c. Paid postage expenses of $78.30. d. Paid $102.87 to Facebook...
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $300 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $88 for janitorial expenses. b. Paid $53.68 for miscellaneous expenses. c. Paid postage expenses of $53.50. d. Paid $47.15 to Facebook...
6A-3. The following transactions occurred in April for Jubilant Co.: 2017 Apr. 1 5 8 15 Issued check no. 14 for $140 to establish a petty cash fund. Paid $19 from petty cash for postage, voucher no. 1. Paid $17 from petty cash for office supplies, voucher no. 2. Issued check no. 15 to Reliable Corp. for $150 from past purchases on account. Paid $16 from petty cash for office supplies, voucher no. 3. Issued check no. 16 to Rabbit...
Problems Set A 6A-1. Canvas.com received a bank statement from Buttermilk Bank indicating a bank balance of $7,600. Based on Canvas.com's check stubs, the ending check- book balance was $8,231. Your task is to prepare a bank reconciliation for Canvas.com as of July 31, 2018, from the following information (journalize entries as needed): a. Checks outstanding: no. 122, 5810; no. 130, $720. b. Deposits in transit, $1,800. c. Canvas.com forgot to record a $1,240 equipment purchase made with a debit...
1.
Record the transactions in the general journal and auxiliary petty
cash record.
2. Post the transactions to the general ledger accounts.
3. Prepare a trial balance.
4. Compare the Smith Computer Center’s deposits and checks
with the bank statements and complete a bank reconciliation as of
September 30, 201X.
Reading the Kellogg's Annual Report o to http://investor.kelloggs.com/investor-relations/an Kellogg's 2013 Annual Report. How often do you think Kellogg's reconclsthe tatement? What type of security control may be in place? Support...
6A-2. From the following bank statement, please (1) complete the bank reconcilia- tion for Tony's Deli found on the reverse of the following bank statement and (2) journalize the appropriate entries as needed. a. A deposit of $2,000 is in transit. b. Tony's Deli has an ending checkbook balance of $5,760. c. Checks outstanding: no. 111, $950; no. 119, $1,250; no. 121, $330. d. Bob Ryan's check for $100 bounced due to lack of sufficient funds. e. Bank service charge...
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. 5 Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. 8 Paid $39 from the petty cash fund for postage...
JOLLTEL LLICS. P 7-10B (L03) Replenishment: G. Cash, $87 PETTY CASH RECORD AND JOURNAL ENTRIES On July 1, a petty cash fy was established for $100. The following vouchers were issued during July: Amount 5 Foovuw Date Voucher No. Purpose July 1 office supplies $ 3.00 donation (Goodwill) 15.00 travel expenses 5.00 postage due 2.00 office supplies 4.00 postage due 3.50 phone call 5.00 21 travel expenses 11.00 25 withdrawal by owner (L. Ortiz) 20.00 copier repair (miscellaneous) 18.50 REQUIRED...
Nakashima 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 Chloe Addison, the petty cashier 5 Purchased bond paper for the copier for $14.95 that is immediately used. 9 Paid $40.50 coD shipping charges on merchandise purchased for resale, terms F08 shipping point. Nakashima uses the perpetual system to account for merchandise inventory. 12 Paid $7.55 postage to express...
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