Homework Answers
As per HomeworkLib policy if it is
not specified which question to solve only four subpart need to be
solve there left the remaining 2 subparts.
Add Answer to:
ACC 106 Handout 7: Petty Cash and bank reconciliation Exercise 1: Salle-Peru Co. uses an imprest...
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...
Task#2 Petty Cash. Bank Reconciliation) Jonni Jones is reviewing the cash accounting for London, Inc, a...
Task#2 Petty Cash. Bank Reconciliation) Jonni Jones is reviewing the cash accounting for London, Inc, a local hair salon Jones review will focun on de pt cash accoumt and the bank reconciliation for the month ended September 30, 2020 She bas collected he following information from London's bookkeeper for this task Petty Cash The petty cash fund was established on September 2, 2020, in the amount of 5300. 2. Expenditures from the fund by the custodian as of September 30,...
Crane Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During Marc...
Crane Company 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 petty cash box. Date Receipt No. For Amount 3/5 1 Stamp Inventory $30 7 2 Freight-Out 12 9 3 Miscellaneous Expense 10 11 4 Travel Expense 35 14 5 Miscellaneous Expense 7 The fund was replenished on March 15 when the fund contained $4 in cash. On March 20,...
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...
Oriole Company uses an imprest petty cash system. The fund was established on March 1 with...
Oriole Company uses an imprest petty cash system. The fund was
established on March 1 with a balance of $120. During March, the
following petty cash receipts were found in the petty cash
box.
Date
Receipt No.
For
Amount
3/5
1
Stamp Inventory
$35
7
2
Freight-Out
15
9
3
Miscellaneous Expense
15
11
4
Travel Expense
38
14
5
Miscellaneous Expense
8
The fund was replenished on March 15 when the fund contained $6 in
cash. On March 20,...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Est...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Established petty cash fund by writing a check on China Bank for $100 15 Replenished the petty cash fund by writing a check for $96.90 On this date, the fund consisted of $3.10 in cash and these petty cash receipts: S51.00 expense $23.10 expense $6.10 31 31 Replenished the petty cash fund by writing a check for $95.90 At this date, the fund...
Brown Co set up a petty cash fund for payments of small amounts. The following transactions...
Brown Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May. May 1 Prepared a company check for $350 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $114 for janitorial services. b. Paid $85 for miscellaneous expenses. c. Paid postage expenses of $57. d. Paid $28 to Facebook for...
1. Havermill Co. establishes a $490 petty cash fund on September 1. On September 30, the...
1. Havermill Co. establishes a $490 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $97 for Office Supplies, $185 for merchandise inventory, and $46 for miscellaneous expenses. The fund has a balance of $162. On October 1, the accountant determines that the fund should be increased by $98. The journal entry to record the establishment of the fund on September 1 is: 2. A company wants to decrease...
Exercise 6-6 Petty cash fund accounting LO P2 Palmona Co. establishes a $280 petty cash fund...
Exercise 6-6 Petty cash fund accounting LO P2 Palmona Co. establishes a $280 petty cash fund on January 1. On January 8, the fund shows $183 in cash along with receipts for the following expenditures: postage, $40; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $29. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and...
Palmona Co. establishes a $270 petty cash fund on January 1.
Exercise 8-10 Petty cash fund accounting LO P2 Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $187 in cash along with receipts for the following expenditures: postage, $36; transportation-in, $10; delivery expenses, $12; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it...
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...
Task#2 Petty Cash. Bank Reconciliation) Jonni Jones is reviewing the cash accounting for London, Inc, a local hair salon Jones review will focun on de pt cash accoumt and the bank reconciliation for the month ended September 30, 2020 She bas collected he following information from London's bookkeeper for this task Petty Cash The petty cash fund was established on September 2, 2020, in the amount of 5300. 2. Expenditures from the fund by the custodian as of September 30,...
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...
Oriole Company uses an imprest petty cash system. The fund was
established on March 1 with a balance of $120. During March, the
following petty cash receipts were found in the petty cash
box.
Date
Receipt No.
For
Amount
3/5
1
Stamp Inventory
$35
7
2
Freight-Out
15
9
3
Miscellaneous Expense
15
11
4
Travel Expense
38
14
5
Miscellaneous Expense
8
The fund was replenished on March 15 when the fund contained $6 in
cash. On March 20,...
15 P7 2B Haig Company maintains a petty cash fund for small expenditures The following July 1 Established petty cash fund by writing a check on China Bank for $100 15 Replenished the petty cash fund by writing a check for $96.90 On this date, the fund consisted of $3.10 in cash and these petty cash receipts: S51.00 expense $23.10 expense $6.10 31 31 Replenished the petty cash fund by writing a check for $95.90 At this date, the fund...
Brown Co set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May. May 1 Prepared a company check for $350 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $114 for janitorial services. b. Paid $85 for miscellaneous expenses. c. Paid postage expenses of $57. d. Paid $28 to Facebook for...
Most questions answered within 3 hours.
-
In a neoclassical model, use the IS-LM to analyze the effect of
a permanent money supply...
asked 29 minutes ago -
An electron passes through a point 2.67 cm from a long straight
wire as it moves...
asked 1 hour ago -
A grammar is a 4-tuple G, G = (Ν, Σ, Π, Σ, S) where, Ν is...
asked 1 hour ago -
In this part, calculate the present values. Use the Excel PV
function to compute the present...
asked 1 hour ago -
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 2 hours ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 2 hours ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 3 hours ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 3 hours ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 3 hours ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 4 hours ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 4 hours ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 4 hours ago