Question

Halle’s Berry Farm establishes a $200 petty cash fund on September 4 to pay for minor...

Halle’s Berry Farm establishes a $200 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 $30 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) $ 170 Lawn maintenance (credit card) 420 Postage (credit card) 575 Fuel for deliveries (credit card) 285 Required: Record the establishment of the petty cash fund on September 4. Record credit card expenditures during the month. The credit card balance is not yet paid. Record petty cash expenditures during the month.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer! Credit $200 Date Particulars ILF Debit sepoy petty cash 1 Alc Dr $200 1. To cash (Being to record establish the petty

Add a comment
Know the answer?
Add Answer to:
Halle’s Berry Farm establishes a $200 petty cash fund on September 4 to pay for minor...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Halle's Berry Farm establishes a $400 petty cash fund on September 4 to pay for minor...

     Halle's Berry Farm establishes a $400 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 $312 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)   $88 Lawn maintenance (credit card)                  118 Postage...

  • 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...

  • 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 $275 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...

  • Brief Exercise 4-13 Record employee purchases (LO4-6)

    4. Brief Exercise 4-13 Record employee purchases (LO4-6) Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month. employees made one expenditure from the petty cash fund (entertainment, $15) and three expenditures with the credit card (postage, $52; delivery, $77; supplies expense, $42). Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a...

  • A company establishes a petty cash fund on August 3 for $490. The fund is replenished at the end of each month.

     A company establishes a petty cash fund on August 3 for $490. The fund is replenished at the end of each month. The company has also issued a credit card for its office manager to make more substantial purchases. At the end of August, the following purchases have been made: Record the establishment of the petty cash fund on August 3. On August 31, record the petty cash expenditures during the month and the employee credit card expenditures during the month....

  • Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager

    Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $53; delivery, $78; supplies expense, $43).Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry Required"...

  • Clooney Comp. establishes a petty cash fund for $200 and issues a credit card to its...

    Clooney Comp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, employees made one expenditure from the petty cash fund (entertainment, $25) and three expenditures with the credit card (post 55t delivery. 576: supplies expense. $41. Separately record employee credit card expenditures and employee petty cash expenditures. The credit card balance will be paid later. (If no entry is required for a transaction/event, select "No Journal Entry...

  • T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By...

    T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By the end of April, the fund has a cash balance of $381. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) Entertainment (petty cash) Stamps (petty cash) Plumbing repair services (credit card) $118 27 42 213 Required: 1. Record the establishment of the petty cash fund...

  • T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By...

    T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $401. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month Include the following items: Utilities (credit card) Entertainment (petty cash) Stamps (petty cash) Plumbing repair services (credit card) Required: 1. Record the establishment of the petty cash fund on April 3. 2...

  • T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a ca...

     T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $413. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card)$127Entertainment (petty cash)36Stamps (petty cash)51 Plumbing repair services (credit card)222 Required: 1. Record the establishment of the petty cash fund on April 3. 2. Record credit card expenditures during the month....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT