Date | General Journal | Debit | Credit |
January 2, 2008 | Petty cash | 350 | |
Cash | 350 | ||
January 25, 2008 | US post office stamps | 76 | |
Speedy delivery service | 55 | ||
Cake N Cookie | 60 | ||
Office supply superstore | 36 | ||
Cash short and over | 45 | ||
Cash | 272 | ||
January 25, 2008 | Petty cash | 20 | |
Cash | 20 |
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3. On January 2, 2008, $350 was given to Lisa Amani to establish petty cash. On...
3. On January 2, 2008, $350 was given to Lisa Amani to establisn peuty cuar the following receipts were received from Lisa Amani as evidence of how she spent the petty cash: US Post Office Stamps $76.00 Speedy Delivery service $55.00 Cake N Cookies (for retirement party) $60.00 Office supply Superstore (paper, pencils, etc.) $36.00 A count of cash remaining in the petty cash drawer was $78.00. Lisa Amani requested for the replenishment of the petty cash fund. Also, she...
Fresh Foods established a petty cash fund of $88 on January 2. On January 31, the fund contained cash of $8.80 and vouchers for the following cash payments: Maintenance expense $ 26.40 Office supplies 35.20 Transportation expense 17.60 The four distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses including any amount of cash short or over and (4) replenishment of the...
1. company. issued a check on January 2 to establish a petty cash fund of $500. On January 31, the amount of cash in the petty cash fund is $441. The company would like to issue a check to replenish the fund, based on the following summary of petty cash receipts: Account Amount on Receipt Office Supplies $28.00 Miscellaneous Administrative Expense $23.00 The company’s policy is to record any missing funds in the Cash Short and Over account. The new...
1. Record the transactions in general journal or petty cash format. 2. Post the transactions to the general ledger accounts. 3. Prepare a trial balance. 4. Compare the Computer Center's deposits and checks with the bank statements and complete a bank reconciliation as of September 30, 201X. ON the JOB TITTITUTITTIIN 1111 My AccountingLab SANCHEZ COMPUTER CENTER OOOL02, 3, 4 (60 MIN) The books have been closed for the first year of business for Sanchez Computer Center. The company ended...