Question

CHAPTER 7 Ex 103) Cash, 5150 $13 PETTY CASH JOURNAL ENTRIES Bed on the following petty cash information, prepare (a) the journal entry to t he purch fod, and (b) the journal entry to replenish the petty cash fund. On October 1, 20, a check was written in the amount of $200 to establish a petty cash fund. During October, the following vochers were written for cash taken from the petty cash drawer Voucher No. Account Debited Amount Postage Expense Miscellaneous Expense John Flanagan, Dewing Phone Expense Charitable Contributions Expense Automobile Expense CASH SHORT AND OVER ENTRIES Raude the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained Cash Red Actual Cash Date Change Fund Change Fund Receipt Amount Counted June 1 $100 $330.00 $413.00 29700 400.00 331.00 100 2310 302.00 396.50 316.00 41200 100 04) boda S tand 100 15 100 SERIES B PROBLEMS BANK RECONCILIATION AND RELATED JOURNAL ENTRIES The book bal- ance in the checking account of Kyri Enterprises as of November 30 is $2,964. The bank statement shows an ending balance of $2.525. The following information is dis covered by (1) comparing last month deposits in transit and outstanding checks with this month bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement Deposits in transit: 1129 $125 11/30 200 Outstanding checks: No. 322 17 No. 324 105 No 327 54 Unrecorded ATM withdrawal 100 Bank service charge: NSF check: 185 Error on Check No. 321 Checkbook shows it was for $64, but it was actually writ- ten for $44. Accounts Payable was debited. *Funds were withdrawn by Susan Kyri for personal use. (continued)

Answer 1

The journal entries are as follows -

Particulars	Debit	Credit
Petty Cash Account	200
Bank Account		200
(JE to establish the fund)
Postage Expense	13
Petty Cash Account		13
Miscellaneous Expense	17
Petty Cash Account		17
Drawings Account	45
Petty Cash Account		45
Phone Expenses	36
Petty Cash Account		36
Charitable Contributions Expenses	50
Petty Cash Account		50
Automobile Expenses	29
Petty Cash Account		29
Petty Cash Account	190
Bank Account		190
(JE to replenish the fund)