Homework Answers
1.
| Cash Over (Short) | |
| 10/3 | (148) |
| 10/4 | (7) |
2.
| October 3rd | Cash | 48287 | |
| Cash Over and Short | 148 | ||
| Accounts Receivable | 11555 | ||
| Sales Revenue | 36880 | ||
| (Record cash register receipts) |
3.
| October 4th | Cash | 50116 | |
| Cash Over and Short | 7 | ||
| Accounts Receivable | 9813 | ||
| Sales Revenue | 40310 | ||
| (Record cash register receipts) |
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Exercise 4-43 (Algorithmic) Cash Over and Short Miller Enterprises deposits the cash received during each day...
Exercise 4-43 (Algorithmic) Cash Over and Short Miller Enterprises deposits the cash received during each day at the end of the day. Miler deposited $48,287 on October 3 and $50,116 on October 4. Cash register records and other documents supporting the deposits are summarized as follows: 10/3 10/4 540,310 Cash sales $36,880 11,555 Collections on account 9,813 Total receipts $48,435 $50,123 Required: 1. Calculate the amount of cash over or cash short for each day. Enter negative values as negative...
Cash Over and Short Miller Enterprises deposits the cash received during each day at the end...
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Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the...
Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the following data from its cash registers: Cash Sales per Register Tape Cash in Register after Removing Opening Change $12,650.01 Register 1 $12,656.12 11,429.57 11,591.18 Register 2 Register 3 11,425.42 11,590.18 Pence deposits its cash receipts in its bank account daily Required: amount box does not require an entry, leave it blank. Round your ans 35,676.87 x Prepare a journal entry to record Cash Cash...
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Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued a check to establish a petty cash fund of $450. b. The amount of cash in the petty cash fund is $140. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $182 and miscellaneous selling expense, $115. Record any missing funds in...
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Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $700. b. The amount of cash in the petty cash fund is now $231. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $272; miscellaneous selling expense, $113; miscellaneous administrative expense, $70. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $700, record...
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Entry for Cash Sales; Cash Short The actual cash received from cash sales was $33,854 and the amount indicated by the cash register total was $33,866. Journalize the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.
Calculator Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued...
Calculator Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $1,500 b. The amount of cash in the petty cash fund is now $510. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $574; miscellaneous selling expense, $238; miscellaneous administrative expense, $149. (Because the amount of the check to replenish the fund plus the balance in the fund...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100. Sept. 1 Record any discrepancy in the cash short and over account If an amount box does not require an entry, leave it blank or enter "o". Sept. 1 Cash Short and Over Sept. 30 Office Supplies Expense Petty Cash...
Prepare journal entries for each of the following. For a compound transaction, if an amount box...
Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued a check to establish a petty cash fund of $800. Petty Cash Cash Feedback a. Recall that the only time Petty Cash is used is when the fund is initially established or increased. b. The amount of cash in the petty cash fund is $260. Issued a check to replenish the fund, based on...
Exercise 4-43 (Algorithmic) Cash Over and Short Miller Enterprises deposits the cash received during each day at the end of the day. Miler deposited $48,287 on October 3 and $50,116 on October 4. Cash register records and other documents supporting the deposits are summarized as follows: 10/3 10/4 540,310 Cash sales $36,880 11,555 Collections on account 9,813 Total receipts $48,435 $50,123 Required: 1. Calculate the amount of cash over or cash short for each day. Enter negative values as negative...
Cornerstone Exercise 4-21 (Algorithmic) Cash Over and Short On a recent day, Pence Company obtained the following data from its cash registers: Cash Sales per Register Tape Cash in Register after Removing Opening Change $12,650.01 Register 1 $12,656.12 11,429.57 11,591.18 Register 2 Register 3 11,425.42 11,590.18 Pence deposits its cash receipts in its bank account daily Required: amount box does not require an entry, leave it blank. Round your ans 35,676.87 x Prepare a journal entry to record Cash Cash...
Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $700. b. The amount of cash in the petty cash fund is now $231. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $272; miscellaneous selling expense, $113; miscellaneous administrative expense, $70. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $700, record...
Calculator Petty Cash Fund Entries Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $1,500 b. The amount of cash in the petty cash fund is now $510. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $574; miscellaneous selling expense, $238; miscellaneous administrative expense, $149. (Because the amount of the check to replenish the fund plus the balance in the fund...
Journalize the entries to record the following: Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage, $100. Sept. 1 Record any discrepancy in the cash short and over account If an amount box does not require an entry, leave it blank or enter "o". Sept. 1 Cash Short and Over Sept. 30 Office Supplies Expense Petty Cash...
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