Homework Answers
Add Answer to:
ACC 1135 prepared by Am Parsons for ind e nly FAIL Chapter 8 Internal Controls -...
ACCES Question #1 PETTY CASH Petty Cash ABC Company set up a pt cash in the amount of $200 on Janus amount of $200...
ACCES Question #1 PETTY CASH Petty Cash ABC Company set up a pt cash in the amount of $200 on Janus amount of $200 on January 1". Date Debit Account January 30th ABC needs to be replenished. It has the following receipts: Office Supplies Postage It has cash in the amount of 562 remaining. 520 520 Prepare the journal entry to replenish the petty cash fund. Date Account PR Credit Debit February 11 Prepare the journal entry to increase petty...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the following: i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Prepare a general journal entry to establish the petty cash fund at $200. Journal Entry Account Titles Date PR Debit Credit Transactions Nov Prepare a journal entry to replenish the petty cash fund. On November 1, 2017, a $200 Petty Cash Fund was established. At...
Brief Exercise 7-14 On March 20, Harbor's petty cash fund of $100 is replenished when the...
Brief Exercise 7-14 On March 20, Harbor's petty cash fund of $100 is replenished when the fund contains $41 in cash and receipts for postage $31, supplies $18, and travel expense $10 Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 20 Debit Credit
p8-26(Similar to) X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey...
p8-26(Similar to)
X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $233. The accounts affected by pe Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? 240 Before replenishment, the petty...
Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $460 petty...
Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $213 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $47, postage expenses. $71, and miscellaneous expenses, $122. The petty cashier could not account for a $7 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (t) the September 9 entry...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
Not sure how to do this or if im on the right track can anyone help?...
Not sure how to do this or if im on the right track can anyone
help?
Cameron Co. established a $166 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $32.29 in cash and receipts for these expenditures: postage, $46.48; transportation-in, $29.88; store supplies, $36.27; and a withdrawal of $21.08 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. a. Prepare the journal entry to establish the...
The petty cash fund of Ricco's Automotive contained the following items at the end of September...
The petty cash fund of Ricco's Automotive contained the following items at the end of September 2021: Currency and coins Receipts for the following expenditures: Delivery charges Printer paper Paperclips and rubber banda Lent money to an employee Postage Total The petty cash fund was established at the beginning of September with a transfer of $232 from cash to the petty cash account. Required: Prepare the journal entry to replenish the fund at the end of September. (If no entry...
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....
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor...
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $271 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
ACCES Question #1 PETTY CASH Petty Cash ABC Company set up a pt cash in the amount of $200 on Janus amount of $200 on January 1". Date Debit Account January 30th ABC needs to be replenished. It has the following receipts: Office Supplies Postage It has cash in the amount of 562 remaining. 520 520 Prepare the journal entry to replenish the petty cash fund. Date Account PR Credit Debit February 11 Prepare the journal entry to increase petty...
Prepare a general journal entry to establish, replenish, and raise the petty cash level from the following: i (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) Prepare a general journal entry to establish the petty cash fund at $200. Journal Entry Account Titles Date PR Debit Credit Transactions Nov Prepare a journal entry to replenish the petty cash fund. On November 1, 2017, a $200 Petty Cash Fund was established. At...
Brief Exercise 7-14 On March 20, Harbor's petty cash fund of $100 is replenished when the fund contains $41 in cash and receipts for postage $31, supplies $18, and travel expense $10 Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 20 Debit Credit
p8-26(Similar to)
X P8-26A (similar to) Suppose that on June 1, Bash Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance (Click the icon to view the petty cash tickets.) On June 30, prior to replenishment, the fund contains these tickets plus cash of $233. The accounts affected by pe Read the requirements Requirement 1. On June 30, how much cash should this petty cash fund hold before it's replenished? 240 Before replenishment, the petty...
Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $213 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $47, postage expenses. $71, and miscellaneous expenses, $122. The petty cashier could not account for a $7 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (t) the September 9 entry...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
Not sure how to do this or if im on the right track can anyone
help?
Cameron Co. established a $166 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $32.29 in cash and receipts for these expenditures: postage, $46.48; transportation-in, $29.88; store supplies, $36.27; and a withdrawal of $21.08 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. a. Prepare the journal entry to establish the...
The petty cash fund of Ricco's Automotive contained the following items at the end of September 2021: Currency and coins Receipts for the following expenditures: Delivery charges Printer paper Paperclips and rubber banda Lent money to an employee Postage Total The petty cash fund was established at the beginning of September with a transfer of $232 from cash to the petty cash account. Required: Prepare the journal entry to replenish the fund at the end of September. (If no entry...
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....
Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $271 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Entertainment for office party (petty cash) Lawn maintenance (credit card) Postage (credit card) Fuel for deliveries (credit...
Most questions answered within 3 hours.
-
1. A 1200 kg car is practicing on a flat test
track. The car begins moving...
asked 6 minutes ago -
An
agency collects demographics concerning the number of people in
families per household in a certain...
asked 7 minutes ago -
Writing a Persuasive Essay on:
(Smoking in public places should be banned) Can i please get...
asked 10 minutes ago -
Q23 Suppose H0 is left-tailed and tTest = -2.26. (Note tTest not
zTest). The tTest value...
asked 18 minutes ago -
A runaway train car that has a mass of 1.71e+4 kg travels at a
speed of...
asked 18 minutes ago -
Question 1: For each of the sections in this part, the
competitive market for labor is...
asked 16 minutes ago -
Lincoln, Inc., which uses a volume-based cost system, produces
cat condos that sell for $170 each....
asked 23 minutes ago -
On November 3, the spot price for cotton was $0.81/lb., and the
February futures price was...
asked 24 minutes ago -
Using Python:
A Prime number is an integer greater than 1 that cannot be
formed by...
asked 46 minutes ago -
Read about Cokes strategy in Africa in the article below and
discuss the ethics of selling...
asked 33 minutes ago -
What made of a 40.0% NaOH solution should be diluted to 1.00 L
with water to...
asked 33 minutes ago -
Draw and describe the results of the Meselson-Stahl experiments
showing that DNA replication followed the Semi-conservative...
asked 38 minutes ago